Global gold ETFs have now seen inflows for two months in a row. Get the data in our latest report, out today: http://spr.ly/60499obUV
World Gold Council’s Post
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🌟 Intriguing Read Alert 🌟 Just finished reading a fascinating article on the 10 best gold ETFs to buy now. The insights were truly eye-opening and worth sharing! 🔍 Market Insights: - In late 2023, gold prices surged due to factors like central bank buying and geopolitical tensions. - Analysts predict a bullish forecast for both gold and silver in 2024. - Expectations of Federal Reserve rate cuts are driving interest in gold investments. 📈 ETF Highlights: - iShares Gold Trust Micro (NYSE:IAUM) - U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE:GOAU) - VanEck Gold Miners ETF (NYSE:GDX) - iShares MSCI Global Gold Miners ETF (NASDAQ:RING) - SPDR Gold Shares (NYSE:GLD) 🤔 What are your thoughts on gold ETF investments and the market outlook? Share your views below! #GoldETFs #MarketInsights #InvestmentOutlook https://lnkd.in/e6qFDef6
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Although gold remains caught under critical resistance at $2,050 an ounce, this market is primed for higher prices, according to famed commodities investor Dennis Gartman. In his latest commentary, Gartman said that he sees the gold market, through the world's biggest gold-backed ETF, SPDR Gold Shares, carving out a three-year quadruple top. "Double tops usually hold, but history has often shown that triple and quadruple tops are broken through to the upside. Further, when these triple and quadruple tops are broken through from below, powerful bullish moves quite usually follow," he said in his letter. "Further still, GLD traced out a rare monthly reversal to the upside in October as it took out September's low and September's high and closed materially above September's high…a textbook reversal of very real consequence." Although Gartman is bullish on gold, he also noted elevated risks due to the recent blowoff top after futures hit an all-time high above $2,150 an ounce.
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Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming twelve months. None of the respondents said they would cut their exposure to gold in the immediate 12 months, and five of them said they expected to boost their allocations. More than two thirds of them see prices rising, and five expect a clear all-time high. The poll was conducted between Aug. 10 and Aug. 22. While there’s some signs that investors are bracing for rates to stay higher for longer, the swaps market is still pricing in no more rate hikes, and a shift to policy easing next year. “We do anticipate there’s pent-up gold demand from investors waiting for the Fed to finish,” said Darwei Kung, head of commodities and portfolio manager at DWS Group. “That’s a positive set-up from our perspective.” He sees gold reaching a record $2,250 an ounce in the time period. #gold #goldexploration #goldstocks Tesoro Gold
Investors Say They’ll Stick With Gold as Fed Cycle Heads for End
bloomberg.com
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Seller Capitulation? The Next Big Gold Companion Might Be ETFs #Gold has been one of the most out-of-favor assets for #ETF investors, but that may be reversing, with implications for prices. Almost 13 million ounces of ETF liquidations since the end of 2022 have been offset by purchases of about 50 million ounces by #centralbanks. Gold ETF outflows may be reaching exhaustion and turning toward inflows. The full report is on the Bloomberg terminal here: https://lnkd.in/eK6s_gYf {BI COMD} #commodities #metals #macroeconomics Bloomberg Intelligence
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🔍Trending : Global gold ETFs experienced the first inflows in a year in May, ending the twelve-month losing streak. In May, #gold ETFs backed by physical assets saw their first increase since last May, with a total of US$529m. The rise was driven mainly by Europe and Asia, while North America had minor losses. Follow #RADEXMARKETS for more markets updates.
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Global gold ETFs witnessed their second consecutive month of inflows, attracting US$1.4bn in June, with notable European and Asian buying offsetting relatively small North American outflows. The strong month, driven by a robust gold price and inflows, pushed total gold ETF’s AUM 8.8% higher y-t-d to US$233bn, yet collective holdings have dropped by approx. 4% during the first half. Overall, the trading volume average in H1 remains well above its 2023 level, in part due to active OTC and futures trading. Looking ahead, Western gold ETF investors may likely react more favorably in the second as rates fall; in addition, the US presidential election may bring additional uncertainty about the dollar’s strength and the direction of geopolitics. Read more on ETF activity in H1 in World Gold Council's recent report: http://spr.ly/60489oCDO #gold #ETF #goldmarket
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Gold ETFs See Worst Half-Year Since 2013 > Global gold ETFs lost USD 6.77 billion in H1 2024, marking the worst half-year since 2013 > Asia saw positive inflows, while North America and Europe experienced significant outflows in 2024 Read more: https://bit.ly/3WtfyzC #internationalfinance #goldetfs #investmentnews #financialmarkets #goldprices #globalfinance #ETFflows
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After a strong close to 2023, gold fell by 1% in January on the back of continued gold ETF outflows and a reduction in futures positioning. Looking forward, inflation pressures and a steady drumbeat of geopolitical uncertainty may support gold but higher interest rates can bring short-term challenges. Check out the full report from World Gold Council to learn more about how the gold market performed in January and what to expect moving forward: https://lnkd.in/e3WP_eJ7 #Gold #GoldMarketCommentary #January
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#Gold has been on an upward rally for the last couple of years and has even beaten market returns. But #goldprices have corrected slightly, lately. That's why our timely story by Kundan Kishore highlighted that it makes sense to invest in gold in a staggered manner. Read here: https://lnkd.in/dEVpu-RX. Among other things, it highlighted how investors are gradually moving away from investment in physical gold to ETFs
How To Make Sense Of The Gold Rush?
outlookmoney.com
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