Graniteshares Gold Trust ETF News

Per tola price settles at Rs129,200 retreat in int''l oil prices, talks between Russia-Ukraine boosts risk appetite

Covid, Ukraine weigh on oil The unwind of the oil trade is an easy one as a few reasons sent prices lower: China’s Covid surge has worsened as more lockdowns occur, expectations of a long Russia-Ukraine war has decreased as Eastern European leaders show unequivocal support for Ukraine’s independence, countries like India have bought Russian […]

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Gold pushed lower below $2,000 Gold prices undergo a bearish correction before this week’s FOMC meeting. It seems the bearish correction has moderate pressure and… The post Daily Oil, Gold, Silver Technical Analysis | March 15, 2022 appeared first on FXDailyReport.Com .

The SPDR S&P 500 ETF Trust (NYSE: SPY ) is down 11.4% year-to-date in 2022, but one age-old flight-to-safety investments is holding up just fine. The price of gold is up 9.5% so far in 2022. SPDR Gold Trust (ARCA: GLD ) is up 4.6% year-to-date, while the VanEck Gold Miners ETF (ARCA: GDX ) is up 13.7%. Gold Solves This: Bitcoin (CRYPTO: BTC ) bulls have had a great run the past couple of years, and many argue that the popular cryptocurrency has replaced gold as the best way to protect your portfolio from downside in the stock market. Unfortunately, market price action so far in 2022 has demonstrated that the price of Bitcoin is Full story available on Benzinga.com

The gold markets have fallen again during the trading session on Tuesday to reach down towards the $1920 level. This is an area that was massive resistance previously, so if the buyers are going to show up, it is going to be soon.

COIMBATORE: Officials of the Directorate of Vigilance and Anti-Corruption on Tuesday seized 11.

War trades continue to unwind

Gold continued to decline after bond yields rose ahead of the key Federal Reserve meeting where policy makers are set to raise US interest rates.

Gold bugs could find themselves offloading length in a vaccuum. A break under the $1,914 mark would leave XAU/USD vulnerable to further downfalls, str

Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales One of the core staples of the past 40 years, and an anchor propping up the dollar''s reserve status, was a global financial system based on the petrodollar - this was a world in which oil producers would sell their product to the US (and the rest of the world) for dollars, which they would then recycle the proceeds in dollar-denominated assets and while investing in dollar-denominated markets, explicitly prop up the USD as the world reserve currency, and in the process backstop the standing of the US as the world''s undisputed financial superpower. Those days are coming to an end. One day after we reported that the " UK is asking Saudis for more oil even as MBS invites Xi Jinping to Riyadh to strengthen ties ", the WSJ is out with a blockbuster report, noting that " Saudi Arabia is in active talks with Beijing to price its some of its oil sales to China in yuan," a move that could cripple not only the petrodollar’s dominance of the global petroleum market - something which Zoltan Pozsar predicted in his last note - and mark another shift by the world’s top crude exporter toward Asia, but also a move aimed squarely at the heart of the US financial system which has taken advantage of the dollar''s reserve status by printing as much dollars as needed to fund government spending for the past decade.

In line with predictions, gold is ceasing to benefit from war-fueled uncertainty. Meanwhile, silver faked another breakout. Could it be more bearish?

The direction of the April Comex gold futures contract on Tuesday is likely to be determined by trader reaction to the 50% level at $1929.70.

In the past one month, silver funds have returned 7.34%, gold funds on an average are up by about 6%. In comparison, Nifty is down 4%

Gold came under strong selling pressure at the start of the week and erased the majority of the gains it registered since the beginning of the Russia-