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

NATO hybrid warfare: more aggressive responses against Moscow being considered

NATO hybrid warfare is at the centre of the Alliance's new strategic assessments NATO hybrid warfare has become one of...
Read More
NATO hybrid warfare: more aggressive responses against Moscow being considered

Pope Leo XIV and peace in the Middle East: appeal from Beirut

The Pontiff renews his commitment to peace in the Middle East during his visit to Lebanon Today, Sunday 30 November,...
Read More
Pope Leo XIV and peace in the Middle East: appeal from Beirut

Pope Leo XIV’s trip to Lebanon after his visit to Turkey

Pope Leo XIV’s trip continues across the eastern Mediterranean Pope Leo XIV’s trip enters its Middle Eastern phase today, as...
Read More
Pope Leo XIV’s trip to Lebanon after his visit to Turkey

Trump and the plan for Ukraine: business at the heart of the strategy

The plan for Ukraine aims to turn negotiations into economic opportunities The plan for Ukraine circulating between Washington and Moscow,...
Read More
Trump and the plan for Ukraine: business at the heart of the strategy

Airbus A320 recall causes disruption to global air travel

Airbus A320 recall causes cancellations and urgent repairs It has been a difficult day for international air traffic, in the...
Read More
Airbus A320 recall causes disruption to global air travel

Israel: two Palestinians killed in Jenin after surrendering

Israel launches investigation into police after killing of suspects in Jenin Two Palestinians were killed in Jenin, in the West...
Read More
Israel: two Palestinians killed in Jenin after surrendering

(Photo: © AndKronos)

Di Tendenza/Trending