SPDR GOLD ETF
Gold ekes out gains in a tumultuous week
The metal fell to close around 0.80% lower on Friday as the US dollar rallied. The 10-year US yields at 4.21% were down over 2% on the week as the yields were 1.57% lower on Friday.
Bitcoin ETF record gets broken yet again on $612 million inflow
BlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) netted $612 million Wednesday in its biggest one-session haul, breaking a record set just a day prior, data compiled by Bloomberg show. Altogether, the 10 new exchange-traded funds investing directly in the world’s biggest cryptocurrency took in a net $673 million, even with the outflows seen by Grayscale Bitcoin Trust (GBTC).
Gold outlook remains bearish despite a positive weekly close
Friday's gains in gold were driven mainly by a dip in the US yields, especially long-term yields, which in turn were driven by month-end rebalancing of treasuries as investors focused on next week's supply and demand dynamics.
Bitcoin ETFs test investor commitment to gold-backed paper
Spot bitcoin ETFs could offer investors looking to hedge against inflation an alternative to gold. ETFs track an index, commodities, bonds or a basket of assets like an index fund.
Bitcoin jumps 5% to hit $42,000 level, yet down 14% from post-ETF highs. Here's what experts predict
In early trade on Saturday, Bitcoin was trading over 5% higher at $42,003. Also, as per reports, over $4 billion of funds have flowed into the new spot bitcoin ETFs, particularly to products operated by BlackRock and Fidelity.
Spot bitcoin ETFs draw nearly $2 billion in first three days of trading
A new batch of U.S. bitcoin exchange-traded funds (ETFs) has attracted strong investor interest, though it is unclear if they will be able to maintain the pace of inflows in coming weeks.
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Spot bitcoin ETFs may face uphill battle to widen token's appeal
Estimates of likely first-year inflows vary widely, from $5 billion to $100 billion. Some market participants have compared the products to the SPDR Gold Shares ETF, which gave a much broader range of investors access to the precious metal when it launched in 2004
Regulators set to decide whether to OK a new bitcoin fund. Here's what investors need to know
US regulators are expected to decide on approving the first bitcoin exchange-traded fund (ETF), which could bring bitcoin further into the financial mainstream. The price of bitcoin has already surged in anticipation of the SEC's approval. An ETF is an easy way to invest in something without owning it, and a bitcoin ETF would allow new investors to enter the market without the need for additional steps. The SEC has received applications for 11 bitcoin ETFs, and the agency could approve or reject them all on the same day. However, some crypto enthusiasts may object to ETFs as they introduce traditional financial intermediaries into the crypto world and charge fees.
Gold holds steady as traders await Fed minutes
Gold prices held steady on Wednesday as investors looked forward to minutes of the last Federal Reserve policy meeting due later in the day for more clarity on its next moves, while a stronger dollar kept bullion's gains in check.
Gold kicks off 2024 on higher note on US Fed rate-cut hopes
Gold prices edged higher on Tuesday, supported by the prospect of interest rate cuts in 2024 from the Federal Reserve, while investors look forward to a slew of economic data this week for more clarity on the U.S. rate outlook.
Gold ticks higher as weaker US dollar, yields lend support
U.S. gold futures were steady at $1,993.30.
Gold prices may go up to Rs 63,000 in medium-term: Motilal Oswal
Gold and silver have witnessed sharp swings this year, as a result of a few major fundamental changes like, central bank policies, geo-political uncertainties, debate between hard & and soft landing, higher buying interest in riskier assets and volatility in Dollar Index & Yields.
Gold flat as central bank meetings take spotlight
The Bank of Japan is expected to revise its inflation forecasts and discuss additional tweaks to its bond yield control at its policy meeting on Tuesday.
US Treasury bond ETFs climb as Middle East conflict spurs safe-haven demand
The iShares 20+ Year Treasury Bond ETF rose 0.9%, after falling over 4% last week, while the iShares 7-10 Year Treasury Bond ETF climbed 0.8%
Gold sees second weekly decline as 10-Year bond yields surpass 4.8%
In August, central banks increased their gold reserves for the third consecutive month, adding 77 tonnes to global official reserves, marking a 38% increase compared to July's buying.
Losing shine? Investment demand for gold plummets to four-year lows
COMEX Gold prices saw a significant drop due to a surge in US treasury yields, resulting in the largest weekly loss in months. The US central bank indicated another rate hike before the end of the year and signaled fewer rate cuts for the following year. Strong economic data, including increased durable goods orders and low unemployment claims, supported the Federal Reserve's hawkish stance. The rebound in US home prices and rising energy prices also raised inflation concerns.
Gold prices fall to six-month low. What’s bothering traders?
Gold had a firm start this year by gaining more than 13 percent in the first five-month period. Since then, it has consolidated in a tight range, and last week, it came out of the stiff support zone of $1880 an ounce.
Gold lingers near 1-month low as US dollar keeps momentum
The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.
Gold adrift as investors await more data for Fed rate clues
The European Central Bank's record high deposit rate could help cut inflation to 2%, ECB President Christine Lagarde said on Monday, repeating the bank's guidance that neither promises nor rules out further rate hikes.
Gold hovers near 1-week low as hawkish Fed boosts dollar, yields
Central banks for the world's biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reach a peak.
Gold prices dip as US Fed hardens hawkish policy stance
The Fed sketched a stricter policy path moving forward in an inflation fight they now see lasting into 2026, but believe they can succeed in lowering inflation without wrecking the economy or leading to large job losses.
Gold softens ahead of US Fed's policy decision
Economic growth in developing Asia this year will be slightly lower than previously expected as the weakness in China's property sector and El Nino-related risks cloud regional prospects, the Asian Development Bank (ADB) said.
Robust equities erode gold's safe-haven allure as ETF holdings fall
Investors typically buy gold during times of financial and economic uncertainty and rising inflation. This was seen in May when gold rallied to near-record highs during the U.S. regional banking crisis.
Higher US dollar, yields drag gold to more than one-month low
"We continue to see a pretty significant decline in long exposure in gold and a significant increase in short exposure. Speculative investors are getting out of gold and interest rate expectations are a big factor here," said Bart Melek, head of commodity strategies at TD Securities.
Gold firms on weaker dollar, yet limited by Fed rate hike path
Gold rose on Friday as the dollar remained weak, though gains were limited by expectations of further interest rate hikes in the US. Despite this, traders still see a 74% chance of a July 2023 25-basis-point rate hike, according to CME's FedWatch tool. Higher interest rates decrease the appeal of zero-yielding gold. Nevertheless, investors have been looking to buy gold on weakness. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, saw outflows this week, attributed to gold's being less exciting than stocks. Silver rose 1.4% to $24.20 per ounce and palladium fell 0.2% to $1,396.62.
Gold prices buoyed after fall in US CPI, dovish FOMC meeting minutes
This was followed by dovish FOMC meeting minutes, which said that several members considered it appropriate to hold interest rates steady in March, while others noted that they would have considered a 50 bps increase in the absence of the recent developments in the banking sector.
Gold ekes out gains as dollar rally takes a breather
The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel said over the weekend.
Gold prices slip on expectations of higher interest rates
India's gold imports in May jumped 677% from a year ago to the highest level in a year, as correction in prices just before a key festival and wedding season boosted retail jewellery purchases, a government source said on Monday.
Gold’s lost luster may start luring investors back to ETFs
SPDR Gold Shares has seen net outflows of about $10.4 billion so far this year, the most since 2013, and equivalent to about 190 tons of bullion, according to the marketing agent for the fund.
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