Aberdeen Standard Gold Etf Trust ETF News

(Kitco News) - Inflation in the U.S. is now at 7.5% the highest level in forty years. For the U.S. stocks, this means more losses as markets price in a more aggressive Federal Reserve. But for gold, this means more demand as investors turn to the precious metal for protection.

Short-term trend turns bullish for both precious metals

War or rate hikes, its very clear that investors are worried about the former. Sentiment took a deep dive on Friday on worries over an imminent Russian invasion of Ukraine. WTI crude oil surged to new 7-year high while Gold also soared before weekly close, while stocks took a heavy beating. In the background, markets [] The post War Fear Overwhelmed Rate Hikes; Oil, Gold, Yen and Franc Surged appeared first on Action Forex .

The gold weekly forecast is bullish as the upbeat US CPI aids the gold buyers. On the other hand, firm USD may limit the gold rallies.

India''s foreign exchange reserves rose by $2.198 billion during the week ended February 4, while gold reserves declined by $210 million to $39.283 billion.

The gold market rose 3% over the week amid US Fed fears of an imminent Russia-Ukraine war. The post Gold rises 2% on fear of Russia-Ukraine war appeared first on Nairametrics .

Benchmark Treasury yields lost ground, and German bond yields backed off the 2018 highs struck on Thursday. Gold and oil prices rose.

The gold price on Friday spiked to a new 2-month high of about $1,860, setting a new 2022 high amid fears Russia might attack Ukraine…. The post Gold Rises Sharply To New Yearly Highs Amid Russia-Ukraine Tensions appeared first on FXDailyReport.Com .

Geopolitical tensions heated up on Friday amid reports that Russia is positioning more troops near the Ukraine border. Additionally, U.S. Secretary of State Antony Blinken cautioned earlier that an invasion could come "at any time," including during the Beijing Winter Olympics, which are set to end on Feb. 20 – a warning echoed by U.S. National Security Advisor Jake Sullivan at this afternoon''s White House press briefing. SEE MORE 66 Best Dividend Stocks You Can Count On in 2022 "The Russia-Ukraine tensions have hovered over already shaky investor sentiment," says John Lynch, chief investment officer for Comerica Wealth Management. "Investors have been counting on a diplomatic resolution, but recent developments indicate this may be wishful thinking and therefore, not fully priced into the markets." Today''s Russian-Ukraine news "delivered another body-blow to markets, which were already reeling from stubborn inflation numbers and uber hawkish comments from Fed officials," says Cliff Hodge, chief investment officer for Cornerstone Wealth. "The flight to safety is on, as long-end Treasury yields fall, gold rises and the dollar spikes.

https://www.investing.com/news/commodities-news/gold-hits-3month-high-on-heightened-fear-of-russiaukraine-war-2762630

Gold Hits 3-Month High on Heightened Fear of Russia-Ukraine War

Ethereum (CRYPTO: ETH ) began to decline rapidly at 1:30 p.m. EST on Friday after PBS news reporter Nick Schifrin said on Twitter that, according to six U.S. and western officials, Russia will begin to invade Ukraine next week, beginning with two days of aerial bombings and electronic warfare. At that same time, the SPDR Gold Trust (NYSE: GLD) began to shoot up, rising over 1% higher within about 20 minutes. This indicates gold is currently considered the better safe haven asset over cryptocurrencies. The crypto sector has been rebounding since Jan. 24 but Fridays decline caused Ethereum to drop out of a rising channel, which indicates the short bull cycle could be over. The Gold Trust has also been trading higher recently, but on Friday its rise accelerated on higher-than-average volume, which indicates a high level of interest in the ETF. See Also: Bitcoin, Ethereum, Dogecoin Slump After Inflation Full story available on Benzinga.com

Markets Turmoil Amid ''Russia Invades'' Reports & Bullard''s Bond Bloodbath A sudden slap to the face seemed to shock investors from their multi-month stupor, waking to the reality that The Fed is serious this time about raising rates and withdrawing liquidity. That realization, considering US equity valuations have never been higher (combined with a collapse in US consumer confidence) have many wondering just where (or if) these two lines will ever converge… Source: Bloomberg The awakening sent rate-hike odds soaring this week. Even with today''s attempt to walk back Jim Bullard''s hawkishness, the market is now pricing in a 60% chance of 7 rate-hikes this year, a 70% chance of a 50bps hike in March, and even a 25% chance that The Fed will surprise with an inter-meeting hike before March (note that there is an unscheduled Fed meeting on Monday)... Source: Bloomberg But around lunchtime today, a series of reports of an imminent Russian invasion sparked turmoil in all markets. The Russia headlines sent rate-hike expectations lower for March...

Will war be what breaks it?

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down. US stocks were trying to stabilize as yields came in. Yesterdays inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes. Many Fed members feel inflation will meaningfully decelerate later []