118.25 +0.10 (0.08%)
After hours: 7:24PM EST
|Bid||118.00 x 800|
|Ask||118.90 x 1400|
|Day's Range||117.81 - 118.20|
|52 Week Range||111.06 - 129.51|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.03|
|Expense Ratio (net)||0.40%|
As the markets oscillate in volatile conditions, gold-related ETFs have held steadfast and helped provide investors with some stability. Over the past three months, the SPDR Gold Shares (NYSEArca: GLD) ...
Gold prices on Tuesday mark a modest gain, enough to notch their highest finish in five months, ahead of a monetary policy update this week from the Federal Reserve.
The S&P 500 has violated major support, confirming its primary downtrend ahead of a potentially consequential Federal Reserve policy statement, writes Michael Ashbaugh.
Could Market Risks Bring Investors Back to Gold in 2019? As we’ve discussed in this series, market uncertainty is increasing after an unusually calm 2017 and part of 2018. The major sources of uncertainty are expected to be the looming trade war between the United States and China (FXI), the coming earnings and margins deceleration, the Brexit deal, and the Fed’s policy path.
The market is expecting to pare its anticipated rate hike outlook for 2019 from the current three to two or even one. While the US labor market is firm, the inflation pressures have yet to show up, which is causing investors to anticipate an easier policy path going forward.
Could Market Risks Bring Investors Back to Gold in 2019? The yield curve tracks the yields of Treasury securities maturing at different times. The narrowing gap between these yields is sometimes called a “flattening yield curve.” If shorter-term security yields become larger than longer-term security yields, that’s called a “yield curve inversion” (BND).
Gold climbs on Monday, with declines in a leading dollar index, Treasury yields and the U.S. stock market, as well as comments from a well-known fund manager, prompting prices to settle at their highest in just over a week.
Could Market Risks Bring Investors Back to Gold in 2019? The United Kingdom is set to leave the European Union (HEDJ) in March. A Withdrawal Agreement has yet to be approved by both the UK and European parliaments if the UK is to leave in a planned and orderly way. The Withdrawal Agreement, which UK Prime Minister Theresa May put together with the other 27 European countries, outlines the details of how the United Kingdom should leave the European Union.
Could Market Risks Bring Investors Back to Gold in 2019? The key factors supporting the greenback in 2018 have been the Fed’s interest rate hikes and outlook, trade war concerns, and the outperformance of US markets (SPY)(QQQ). The Federal Reserve has already raised rates three times this year, and it’s expected to raise them for a fourth time in December.
Could Market Risks Bring Investors Back to Gold in 2019? The Federal Reserve Committee plans to meet for the last time in 2018 on December 18–19. The committee is widely expected to raise interest rates (TLT) by 25 basis points, marking the fourth hike this year.
Can Gold Continue to Rise on Equity Market Weakness? The World Gold Council (or WGC) chief market strategist and head of research, John Reade, analyzed gold’s performance in 2018. Reade maintained that these factors are unlikely to continue for a very long time.
The U.S. dollar appears to be on a mission to spoil Christmas in Goldville as weakness in the precious metal persists while the greenback gains. On Friday, global growth concerns stemming from China and Europe as well as more declines in the U.S. stock market couldn't help steer investors away from the U.S. dollar, which has been continuing its upward trajectory for most of the year. The U.S. Dollar Index (DXY), in turn, gained 0.36 percent by the close of Friday's session.
Could Market Risks Bring Investors Back to Gold in 2019? During an investor webcast on December 11, DoubleLine CEO Jeffrey Gundlach painted quite a bearish picture of stocks, bonds, and the US economy (SPY)(DIA). Gundlach also cited an Atlanta Fed study that calculates that an unwinding of $600 billion from the Fed balance sheet is equivalent to three interest rate hikes.
According to a report by the World Gold Council (or WGC), holdings in gold ETFs rose for the second consecutive month in November to 21.2 tons to a total of 2,365 tons. It also said that the global gold-backed ETF flows are now positive in US dollar (UUP) terms for the year. ETF flows were positive for the first time in four months. The renewed buying interest from investors was on account of increased market volatility and the equity market sell-off.
Could Market Risks Bring Investors Back to Gold in 2019? Last week turned out to be great for gold prices (GLD). As equity and bond markets continued to struggle, gold made the best of the situation.
Silver prices have fallen almost three times as much as gold prices have in 2018 thus far. While the SPDR Gold Trust (GLD) has fallen 4.8% year-to-date, the iShares Silver Trust (SLV) has fallen 14.6% in the same period. Silver (SIL), on the other hand, has had no such luck.
The contradictory statements from White House officials, Trump’s tweets, and the arrest of the Huawei CFO in Canada dimmed the outlook for a permanent trade deal between the US and China (FXI). Equity markets also took cues from the bond market, which portended a slowdown ahead.
A round of weak Chinese economic data spooks global investors, but fails to lift gold thanks to a stronger U.S. dollar.
Holdings of bullion for gold exchange traded products, including the SPDR Gold Shares (NYSEArca: GLD), rose in November, marking the second consecutive month that has happened. Global gold exchange traded ...
The US jobs report for November was released today. The job additions came in at 155,000 as compared to consensus expectations of 198,000. While job additions in manufacturing remained strong at 27,000, construction net adds declined to 5,000.
Against this year's backdrop of rising interest rates and the strong U.S. dollar, gold exchange traded products, including the SPDR Gold Shares (GLD) , are struggling. GLD, the largest gold ETF by assets, is lower by more than 5% year-to-date. “Since 2013, there’s been a more than 80 percent chance of a positive return in gold prices in January,” reports Bloomberg.
Gold futures notch a gain on Thursday as a leading dollar index weakens, with the dollar-denominated metal finding some haven demand alongside a sharp tumble in stock trading.