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Gold Fund Inflows Smash Record With $80 Billion In 2025 — These ETFs Are Riding The $3,300 Surge
Wednesday, April 16, 2025 - 8:12am | 1289Amid the staggering rally in the Gold prices, the gold fund net inflows have hit a record of $80 billion year-to-date, doubling over its previous record high in 2020, according to the BofA Global Investment Strategy report. What Happened: A BofA Research graph shared by the Kobeissi Letter on X...
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Gold Nears $3,100 Mark As US Accelerates Repatriation Amid Tariff Fears, Possibility Of An Audit
Friday, March 21, 2025 - 8:22am | 775As gold prices trend upward, World Gold Council data and experts highlight that the U.S. might be repatriating gold owing to tariff fears, securing a strong domestic reserve, possible gold audits, and ending globalization. What Happened: Gold surpassed the $3,000 per ounce mark and it’s now...
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Gold Poised For Its Best Year In A Decade While Bitcoin Surges: Analysts Eye 2025 As A Golden Era For Precious Metal Amid Michael Saylor's Push For BTC As A Reserve Asset
Monday, December 16, 2024 - 4:02am | 926Analysts predict a good year for gold in 2025 after it’s poised for the best annual performance in over a decade in 2024. However, Michael Saylor, co-founder and executive chairman of MicroStrategy Inc. (NASDAQ:MSTR), has called for a dramatic shift in U.S. economic strategy, urging the...
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Barrick CEO On High Gold Prices, Why He Says The Miner Is Undervalued: 'You Get A Lot For Free'
Tuesday, August 13, 2024 - 2:59pm | 929Geopolitical worries have more to do with gold rising to record highs than does inflation, Barrick Gold Corp.'s (NYSE:GOLD) chief executive said Monday in a conference call accompanying second quarter results. "The gold price is up because the world’s in a mess, not because of inflation,"...
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Gold ETFs Suffer Outflows, Await Clues Concerning US Interest Rates
Tuesday, February 20, 2024 - 1:39pm | 662Gold exchange-traded funds have edged lower so far this year after gaining around 13% in 2024, based on the performance of the most liquid product — the SPDR Gold Shares ETF (NYSE:GLD). Prices remain above the $2,000 level as geopolitical tensions and expectations of lower interest rates have kept...
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Is Now The Time To Own Underperforming Gold Mining Stocks? One Trend Is 'Likely To Reverse'
Thursday, February 1, 2024 - 4:36pm | 786The price of gold has remained above the $2,000 per ounce level since November and is currently making a run at its record high set on Dec. 12. Gold miners, however, have largely underperformed. There has been some good news for miners in the past couple of sessions, however. World Gold Council...
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Gold ETFs Shatter Previous Years Records — And We're Not Even Halfway Into 2020
Friday, June 5, 2020 - 8:15am | 565Led by the SPDR Gold Shares (NYSE: GLD), the category's big kahuna, gold exchange-traded funds are on torrid asset-gathering paces this year. What Happened Not only are assets under management at gold ETFs, in aggregate, residing at all-time highs, but year-to-date inflows to these products are...
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ETF Demand Propped Up Gold In Q3
Wednesday, November 6, 2019 - 11:53am | 505In the third quarter, gold jewelry demand slumped. So did appetite for bullion bars and coins, but exchange traded funds, such as the SPDR Gold Shares (NYSE: GLD) picked up the slack. What Happened In a note out Tuesday, the World Gold Council confirmed global gold ETFs offset weakness in the...
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Emerging Markets Are On A Gold Buying Spree
Wednesday, April 17, 2019 - 4:28pm | 426Emerging markets are scooping up gold, and it could be good news for gold prices and investors. The Numbers Recent data from The People’s Bank of China indicates China boosted its gold reserves to 60.62 million ounces during the month of March, up from 60.26Moz in February. Over the past four...
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Central Banks Drove Gold Demand In 2018
Saturday, February 2, 2019 - 10:14am | 499Gold and the related exchange traded funds were challenged last year by the strong dollar and rising U.S. interest rates, but that did not prevent some buyers from stepping up bullion purchases. New data from the World Gold Council shows global gold demand increased by 4 percent last year. What...
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Gold Industry Says Cryptos Are No Substitute As Safe Haven
Wednesday, January 30, 2019 - 1:44pm | 548As the cryptocurrency space has evolved, adopters and endorsers have tried to frame bitcoin and other digital assets as credible stores of value and potential alternatives to traditional safe-haven assets — including precious metals. Over bitcoin's just over a decade of life, some...
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The GLD ETF's Mini-Me Debuts
Tuesday, June 26, 2018 - 4:25pm | 495Fee wars permeate nearly every corner of the exchange traded funds universe, including commodities funds. It's particularly true with gold ETFs, where issuers are looking to attract more assets with favorable costs. The latest example of this trend is the SPDR Gold MiniShares Trust (NYSE: GLDM...
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Demand Challenges Linger For Gold ETFs
Monday, May 7, 2018 - 4:25pm | 499Gold exchange traded funds were decent performers in the first quarter, as the SPDR Gold Shares (NYSE: GLD) and iShares Gold Trust (NYSE: IAU) each gained 0.5 percent. Those performances were arguably impressive in the face of slack demand. Recent data points from the World Gold Council...
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A New Low-Fee Gold ETF Is Coming
Monday, May 7, 2018 - 9:10am | 553Home to $36.58 billion in assets under management as of May 3, the SPDR Gold Shares (NYSE: GLD) is the world's largest exchange traded fund backed by physical holdings of gold. While GLD remains the go-to choice among gold ETFs for many professional investors due to robust liquidity and tight...
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Gold Is Losing Some Glitter As Demand Wilts
Monday, November 13, 2017 - 9:50am | 501Gold and the corresponding exchange traded funds are encountering some fourth-quarter lethargy. Slack in demand is one reason why the once-soaring commodity is retreating in the latter stages of 2017. Over the past month, the SPDR Gold Shares (NYSE: GLD), the world's largest ETF backed by...