The World Gold Council (WGC) reported that gold-backed exchange-traded funds (ETFs) posted a net outflow of 19.1 tons ($1.83 billion) in May, marking the first monthly withdrawal in five months.
6 June
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The recent surge in gold prices above $3,200 marks the beginning of a rally toward $4,000 per ounce, according to Mike McGlone from Bloomberg Intelligence. He believes that as the US stock market turns bearish and interest in Bitcoin wanes, investors will increasingly flock to the precious metal.
15 April
Trump's gold tariff exemption sparks Comex bullion outflows — Bloomberg
Over the past few months, traders had been delivering gold bullion to Comex. This trend was driven by fears that gold could be caught up in Trump's tariffs. However, in early April, Washington confirmed that the trade duties would not apply to bullion. This triggered gold outflows from Comex.
15 April
China’s growing interest fuels gold price surge — Reuters
Gold prices reached record highs on Friday, reportedly hitting $3,245.28 an ounce, driven by investor concerns over escalating United States tariffs, according to Reuters. This marks a 28% increase since mid-November.
14 April
Goldman Sachs raised its 2025 gold price forecast to a record $3,700 per ounce, citing escalating US-China trade tensions and growing America's economic concerns. This marks the third increase this year, following a March revision to $3,300.
14 April
Kitco News forecasts further rise in gold prices amid global trade uncertainty
Global trade uncertainty is driving up the price of gold as the main safe haven asset. Last week, the precious metal reached a new record high, consolidating above $3,200 per ounce. Between April 4 and 11, gold gained 6%, marking its biggest weekly jump since March 2020, according to Kitco News.
14 April
Gold prices correct near historic peak due to easing tariff tensions
Gold prices on Monday retreated from the record high of $3,245 an ounce reached earlier in the morning session.
14 April
A decrease of the indicator value may contribute to the fall in quotes of Gold.
11 April
Swiss bank UBS has revised its gold price forecast upward, projecting the metal will reach $3,500 per ounce in 2025. Bank strategist Joni Teves cites the precious metal’s growing role as a safe-haven asset amid trade uncertainty, geopolitical risks, and slowing global economic growth.
11 April
Economic uncertainty spurs demand for gold — WGC
The World Gold Council (WGC) reports rising demand for gold as investors grow increasingly concerned about a potential US economic slowdown and a surge in inflation.
11 April
Tokenized gold market capitalization nears $2 billion
Since Donald Trump's inauguration, tokenized gold has emerged as one of the fastest-growing sectors in crypto, with its market capitalization rising 21%, according to a CEX.IO report.
11 April
Gold is not just glitter and beauty, but also a key asset in the financial sector.
Gold appears to be something more than just a metal. It is an indicator of economic stability and a tool for managing finances.
Staying up-to-date with the latest gold news is a key to successful management of your funds.
Events impacting the gold market
- Global economic fluctuations. When the global economy changes, the price of gold is likely to react. The focus here is on seeking stability when faced with uncertainty.
- Political risks. Conflicts and political events can affect the demand for gold, too. The metal often serves as a safe-haven asset in tumultuous times.
- Real-time news. Exchanges are constantly reporting on current gold prices. Keep an eye on such news to stay informed.
- Economic reports. The release of economic reports and data can cause fluctuations in gold prices.
- Dollar influence. Pay attention to the dollar, as sometimes its exchange rate can have an impact on gold prices.
Gold in investment and finance
- Investing in gold. Many people choose the yellow metal as a long-term asset.
- Safety and confidence. Gold is considered to be a relatively "risk-free" asset that can add more stability to your portfolio.
Why follow gold news?
- To make better decisions. Knowing about the latest news helps in making informed investment decisions.
- To minimize risks. Keeping up with the news allows you to react quickly to changing market conditions.
