Connect with us

Published

on

Duty war pushes investors towards the precious metal: record inflows into ETF funds

Gold continues its unstoppable run, reaching an all-time high of $3,148.88 an ounce today. The 19% growth since the beginning of the year – with the best quarterly performance since 1986 – reflects the climate of uncertainty fuelled by trade tensions linked to the duties imposed by the Trump administration.

According to the Financial Times, investors’ flight from traditional safe haven assets, such as US Treasuries and cash, is among the most intense on record. The announcement of new tariffs by the president, expected tomorrow and dubbed by Trump as ‘liberation day’, has strengthened the rush to gold.

Krishan Gopaul, senior analyst at the World Gold Council, points out that the current market scenario is characterised by a pronounced ‘risk-off sentiment’, with more than $19.2 billion flowing into gold-backed ETFs in the first quarter of the year alone, an all-time high.

At the same time, concerns over tariffs led to an increase in physical gold bullion stocks in New York, driving inventories on the Comex to unprecedented levels. While gold continued its surge, defensive stocks on Wall Street – such as UnitedHealth and HCA Healthcare – rose more than 10 per cent over the past month, while the S&P 500 index lost almost 6 per cent.

THE LATEST NEWS

María Corina Machado dominates Venezuela poll, Delcy Rodríguez rejected

A Meganálisis survey shows overwhelming support for the opposition leader and a near-total rejection of any transitional role for the...
Read More
María Corina Machado dominates Venezuela poll, Delcy Rodríguez rejected

Israel Prepares Full Defense Amid Tensions with Iran

IDF Chief Eyal Zamir warns of unprecedented offensive capability as new F-35 jets arrive Israel Prepares Full Defense as the...
Read More
Israel Prepares Full Defense Amid Tensions with Iran

Farewell to Valentino: Remembering the Last Emperor of Fashion

Valentino Garavani has died in Rome at 93, leaving an extraordinary legacy in haute couture Farewell to Valentino: Valentino Garavani,...
Read More
Farewell to Valentino: Remembering the Last Emperor of Fashion

Syrian President agrees Kurdish forces integration in ceasefire deal

Al-Sharaa announces plan for Kurdish forces to join Damascus army and transfer control of key cities Syrian President Ahmed al-Sharaa...
Read More
Syrian President agrees Kurdish forces integration in ceasefire deal

Erfan Soltani alive: Human rights group confirms amid Iran protests

Human rights group Hengaw reports that the young Iranian activist, symbol of recent demonstrations, is in stable condition despite previous...
Read More
Erfan Soltani alive: Human rights group confirms amid Iran protests

Trump tariff threats over Greenland spark European backlash

Eight NATO countries warn that planned U.S. trade measures linked to military deployments in Greenland could undermine transatlantic relations and...
Read More
Trump tariff threats over Greenland spark European backlash

(Photo: © AndKronos)

Di Tendenza/Trending