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.
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.
According to Josh Phair, CEO of the Scottsdale Mint (USA), Donald Trump's new duties on imported products, regardless of their size, will have a pronounced negative impact on the market for both silver and gold.
In April, China's gold market performed extremely well. However, as head of China research at the World Gold Council (WGC) Ray Jia warns, demand in the country could weaken as tensions between the world's leading economies subside.
Argentina has made a major breakthrough in its mining sector with the discovery of a deposit containing an estimated 80 million ounces of gold and silver, along with 12 million tons of copper. According to Earth.com, the country is poised to become a major player in the global metals market.
According to the data published by the Central Bank of Russia, the value of the country's gold reserves at the end of April updated the previous record and amounted to $247 billion.
Gold prices were down 0.4% on Wednesday as easing trade tensions reduced demand for the safe-haven asset.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
The unprecedented surge in gold prices, which allowed the precious metal to repeatedly renew record highs, has also made this asset one of the most popular tools for long-term investment. Yet another evidence of this became the results of a recent Gallup poll.
On Tuesday, gold prices hovered near a weekly low reached a day earlier, following a 2.7% fall. The market was pressured by a temporary agreement between the US and China to suspend tit-for-tat tariffs.
WisdomTree market strategist Nitesh Shah believes gold prices could reach $4,000 per ounce in the first quarter of 2026. Shah notes that demand for the precious metal should remain strong amid increasing recession risks and accelerating inflation in the United States.
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.