Gold prices have historically surged during market upheavals in the last half-century. The precious metal remains a top pick for investors as they navigate an uncertain macroeconomic backdrop fueled by high US tariffs, an escalating trade war with China, and dynamic changes within the federal government. Gold prices soared to a record high of £2,460
WASHINGTON: US leveraged-loan funds had their biggest-ever weekly outflow as investors dumped corporate debt across the board on concern that the tariff-spurred market turmoil will hit the economy. An estimated US$6.5bil was pulled from the funds in the week ended last Wednesday, according to data from LSEG Lipper, as prices on the risky debt hit
That, together with the fear of a stock-market crash, has prompted a lot of Canadians who never considered owning the precious metal before to wonder whether this age-old asset should be part of their portfolios. After all, Canada’s largest robo-advisor, Wealthsimple, allocates 2.5% of its clients’ accounts to gold—and 10% in its halal portfolios. Should
Gold prices faced resistance despite tariff threats, failing to reach previous highs. Gold ETFs saw their largest single-day increase since 2022, indicating strong demand. US economic data had a short-term impact on prices, but haven demand remains elevated. Gold prices failed in their attempt to print a fresh weekly high today despite the latest tariff
Asset manager REX Shares launched a Bitcoin Corporate Treasury Convertible Bond ETF, BMAX. The fund will invest 80% of its net assets in convertible bonds issued by companies to purchase Bitcoin in their corporate treasury. BMAX aims to lower the barrier of entry to investing in convertible bonds issued by companies to purchase Bitcoin. Asset
People often focus on long-term investment options, overlooking their short-term needs. However, it’s important to consider your financial requirements at different stages of life. You may need funds for health issues, your child’s education, or other immediate needs. Therefore, it’s essential to plan your investments in a way that ensures your short-term needs are met
CLN KraneShares Week in Review Asian equities were mixed but mostly higher for the week as Hong Kong’s Hang Seng Tech Index was the region’s top-performing benchmark, up +8.43%, followed by Indonesia, while Australia and Korea underperformed. China’s National People’s Congress, also known as the “Two Sessions,” kicked off this week. Leaders from five separate
CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is
CLN KraneShares Key News Asian equities were mixed overnight as Hong Kong-listed growth stocks outperformed and India underperformed. Yesterday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following President Trump and President Xi’s Friday phone call that took place after
Gold is up 22% so far in 2024 Minutes of Fed’s July FOMC meeting due Wednesday Holdings of world’s largest gold ETF jump to 7-month high Aug 20 (Reuters) – Gold prices extended their record run on Tuesday, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that