SPDR Gold Shares
Traders are pouring into gold ETFs at record pace as trade and inflation worries grow
There’s a rush for gold happening on Wall Street, with investors flocking into the precious metal at a pace never before seen. Gold exchange-traded funds saw record high inflows last week — worth about $4.5 billion and led by the SPDR Gold Shares ETF (GLD) — with around half of that inflow occurring during Friday’s stock market sell-off […]
Read MoreGold is poised for a new bullish phase, according to the charts. Here are the levels to watch
While most investors were focused on the solid uptrends of the S & P 500 and Nasdaq in 2024, it’s worth remembering that gold pretty much matched the performance of the equity benchmarks through the course of the year. With stocks facing renewed headwinds in the new year, gold just may be the way to […]
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The founder of the biggest gold ETF is still bullish 20 years later
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. “Things are looking good for the rest of this year and for next year,” George Milling-Stanley told CNBC’s “ETF Edge” this week. The State Street chief gold strategist highlighted demand from both central banks and individual investors in emerging […]
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Here are value investor David Einhorn’s latest moves: Gold, Peloton and agriculture
David Einhorn’s Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during […]
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Gold has rallied ahead of Fed rate cuts. Here’s why there could still be more upside
The start of a Federal Reserve rate-cutting cycle often coincides with a rally for gold, but investors might be surprised to find out that the upward move has already been going on all year. Spot gold entered Wednesday up nearly 25% in 2024, outpacing the S & P 500 and Nasdaq Composite . The Fed […]
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The most important revenue managers are flocking to gold as inflation fears intensify
Delivering Alpha The most important funds managers are flocking to gold as inflation fears intensify Published Thu, Apr 18 20241:53 PM EDT Yun Li@YunLi626 Observe Dwell Supply
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