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.
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A decrease of the indicator value may contribute to the fall in quotes of Gold.
16 May
Demand for physical gold increased in many Asian countries this week, driven by lower global prices that have sparked consumer interest in the metal. In India, for example, suppliers offered discounts of up to $34 on bullion purchases.
16 May
Incrementum AG suggests gold prices could rise to $8,900 by 2030
Despite the impressive growth in gold prices since the start of the year, some experts believe the current rally is just the beginning of a long-term bullish trend. Incrementum's bullish outlook suggests that gold may climb up to $8,900 by the end of the decade.
16 May
Gold posts worst weekly performance in six months as markets stabilize
Gold prices fell 0.3% on Friday, heading for their sharpest weekly drop in six months. Easing fears of global trade tensions pressured the market, making safe-haven assets less attractive. The bullion has lost nearly 3% over the week.
16 May
The trade confrontation between the US and China was one of the main reasons for the recent surge in gold prices to new highs. However, as business journalist Barry Fitzgerald notes, an agreement between the countries to temporarily ease tensions has cooled the precious metals markets.
16 May
City Index expert forecasts gold prices to drop to $3,000 in short term
City Index analyst Fawad Razaqzada expects bullion prices to drop to $3,000 per ounce in the near term. The expert attributes this forecast to growing investor optimism about the US and global economies. However, he believes gold will retain its growth potential.
16 May
Bitcoin may outperform precious metal as crypto derivatives market expands — JPMorgan
JPMorgan notes that bitcoin may outperform gold due to sustained interest from institutional investors in the cryptocurrency. The token's growth is being supported by increasing corporate capital allocations to bitcoin and the adoption of laws permitting governments to invest in this asset.
16 May
State Street Global Advisors strategist forecasts gold to gain strength as dollar weakens
George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, expressed strong confidence in gold's upside potential during his latest market analysis. In his opinion, persistent economic uncertainty will continue to fuel demand for safe-haven assets.
15 May
A decrease of the indicator value may contribute to the rise in quotes of Gold.
15 May
On Thursday, gold prices fell to their lowest level in over a month as the precious metals market faced pressure from easing trade tensions between the United States and China.
15 May
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.
