Aberdeen Standard Gold Etf Trust ETF News

Gold markets are trying to build up a little bit of confidence after yesterday’s shellacking, and it appears that we are stabilizing just a bit.

At a time when people are losing their lives and the threat of a widespread conflict in Europe continues to rise, writing about the investment consequences can feel insensitive. It’s little surprise that while multi asset managers, and managers in general, have been keen to share their thoughts on how they are managing money following Russia’s invasion of Ukraine on 24 February, there has also been a need to add in a note that their thoughts are with those people most affected. It is understandable that no group wants to be seen as in any way trying to make money out of the unfolding events. However, it is also their job to interpret what is going on amid the fall out and the subsequent impact on portfolio performance. With this caveat in place, Thomas Becket, chief investment officer at Psigma Investment Management, said assuming the current crisis does not evolve into a global conflict, a buying opportunity does currently exist. “Since the start of March, investing has become much more challenging and falls across markets have become indiscriminate, meaning that the ability to protect as efficiently has become harder,” Becket said. “We have been able to offset some of the losses experienced in equity and credit markets through our ‘hedges’ in inflation-linked bonds, commodities and gold investments, whilst our high-quality fixed interest positions have also reduced potential losses,” he added.

HONG KONG: Asian equities rose on Thursday after a strong bounce on Wall Street and a breathtaking surge in Europe, sparked by a plunge in oil prices and bargain-buying following a Ukraine-fueled rout. A glimmer of hope for peace talks provided some much-needed support to asset markets, which have been in the grip of extreme volatility in the two weeks since Russia invaded Ukraine, sparking a wave of sanctions against Moscow. However, commentators urged caution in a time of massive uncertainty, with some warning that further losses for stocks were likely and crude would no doubt remain elevated for some time. But for now, investors are enjoying a rare moment of calm, lapping up cheaper equities after a blockbuster day for their United States and European colleagues. The Dow jumped by 2 percent, the S&P 500 even more and the tech-heavy Nasdaq an impressive 3.6 percent. Frankfurt rocketed by nearly 8 percent and Paris more than 7 percent, with analysts also crediting the gains to talk of a plan to issue more joint debt to fast-track green energy and renewables, defense and subsidies for spiking energy costs.

India''s gold imports bounced back to 1,067.72 tonnes in 2021 from 430.11 tonnes during 2020 when the demand was hit due to the COVID-19 pandemic, Gem Jewellery Export Promotion Council (GJEPC) said

(Kitco News) - Gold prices are holding above $2,000 an ounce, but the price action remains volatile as the European Central Bank acknowledged the growing risk of stagflation as it significantly lowers its growth forecasts and increases its inflation outlook.

A global de-risking amid Russia’s invasion of Ukraine is helping to spur a flight to safety as investors seek assets like gold. That’s perpetuating bullishness for the precious metal as well as ancillary services like gold exploration.

(Kitco News) - Gold has found some support at the previous wave high despite falling from the most recent high of $2878.8/oz. In the European session, the price has now moved back above the psychological $2000/oz area after dipping below during the Asian session.

SA''s Sibanye-Stillwater said on Thursday it had stopped operations at its gold mines after unions began a strike over wages.

Oil prices collapse on UAE/OPEC comments Oil’s volatility reached new levels of insanity overnight, with Brent crude trading in a USD 25 intra-day range. Oil prices were moving lower on Ukraine compromise hopes already from earlier in the day, when the UAE comments about asking OPEC+ to raise production to send oil prices into a […]

Risk On re-emerged yesterday as stocks rallied (NASDAQ +3.59%, Nikkei +3.8%) as Russia-Ukraine Fin. Mins. meet in Turkey, OIL dived (-12% at one point

Yesterday, oil and gold prices fell whilst stocks markets rallied across North America and Europe. Read all about it here.

Joe Biden''s ban on Russian oil isn''t enough for lawmakers, who are looking for ways to use trade, gold sales and more to further punish Moscow.

After the start of a week full of stress following the massive Western sanctions on Russia, the situation has changed almost completely with the lates

South Africa reported its largest current-account surplus on record last year as import demand was suppressed by the economy recovering from the impact of the coronavirus and the value of gold exports rose to the highest since at least 1960.

Economists at UBS expect gold price to stabilize around $1,950 by June before reversing back lower towards the $1,800 level by end-2022. Metal markets