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Familiar Signs of a Market Top Anyway, what we have now is a rally to new highs in world stocks without an analogous rally in the U.S. stocks. We also see that this breakout in world stocks happened after a sharp decline. Moreover, there was a sizable rally in mining stocks (XAU Index in the
Photo by Christopher Furlong/Getty Images Getty Images Global exchange-traded funds (ETFs) backed by gold bullion reported their highest monthly inflows for more than three years in April, data from the World Gold Council (WGC) shows. Ending the month at 3,561 tonnes, total holdings in these gold funds rose by 115 tonnes from March’s levels. Consequently,
Photo by Christopher Furlong/Getty Images Getty Images Global gold demand struck levels not seen for almost a decade in the first quarter as macroeconomic jitters drove safe-haven buying, according to the World Gold Council (WGC). Between January and March, yellow metal demand (including over-the-counter (OTC) dealing) rose 1% to 1,206 tonnes. This was the highest
Martin Pradier, equity research analyst at Veritas Investment Research, gives his outlook on gold amid uncertainty, as it surges to a record above $3,400. After years of diving into risky assets at every sign of trouble, investors are starting to move some of their money in the other direction — toward safety. Flows into exchange-traded
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
When it comes to protecting one’s money during economic uncertainty, gold investment is one of the preferred options for many due to safe haven tag associated with the precious metal. Amidst the current market scenario, where stocks are rattled and bond yields have slumped due to Trump’s reciprocal tariffs on major economies, investors seem to
Gold moved further away from its latest record high, swept up in the pessimistic mood that hit global markets in the wake of US President Donald Trump’s more-aggressive-than-expected tariff agenda. The precious metal initially surged to a fresh all-time high of $3,167.84 an ounce on Thursday following Trump’s “reciprocal” tariff announcements, which placed baseline import
Gold started the week with a fresh record high, ahead of U.S. President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war. Bullion gained as much as 0.9% to top $3,115 an ounce, beating the previous all-time high set on Friday when it recorded a fourth weekly gain, with prices
Goldman Sachs Group Inc. ramped up its gold price forecast to $3,300 an ounce by year-end, citing stronger-than-expected central bank demand and solid inflows into bullion-backed exchange traded funds. The bank’s increasingly bullish view on the precious metal was shown by the new forecast from analysts Lina Thomas and Daan Struyven, who just last month