Latest news with #SPDRGoldShares
Yahoo
2 days ago
- Business
- Yahoo
QQQ Attracts $572M in Assets as Markets Start June Higher
The Invesco QQQ Trust (QQQ) pulled in $571.5 million, increasing its total assets to just over $334 billion, according to data provided by FactSet. The inflows came as markets climbed on the first trading day of June, with the S&P 500 rising 0.4% despite escalating tensions between the U.S. and both China and the European Union. The SPDR Gold Shares (GLD) attracted $302.1 million as investors sought safe havens amid trade uncertainty. The Consumer Staples Select Sector SPDR Fund (XLP) gained $240.3 million, while the Vanguard FTSE Europe ETF (VGK) pulled in just under $238 million. The SPDR S&P 500 ETF Trust (SPY) experienced the largest outflows of $2.7 billion despite the broader market advance. The Vanguard Information Technology ETF (VGT) and the iShares 20+ Year Treasury Bond ETF (TLT) both saw outflows of $1.1 billion. U.S. equity ETFs saw outflows of $5.3 billion, while U.S. fixed income lost $2.1 billion. International fixed income collected $781 million, and commodities ETFs gained $456.9 million. Overall, ETFs experienced outflows of $6.9 billion as investors awaited potential talks between Presidents Donald Trump and Xi Jinping this week. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change QQQ Invesco QQQ Trust Series I 571.51 334,125.18 0.17% GLD SPDR Gold Shares 302.06 98,290.97 0.31% SPLG SPDR Portfolio S&P 500 ETF 246.38 67,769.20 0.36% XLP Consumer Staples Select Sector SPDR Fund 240.33 16,634.01 1.44% VGK Vanguard FTSE Europe ETF 237.98 25,306.95 0.94% PWB Invesco Large Cap Growth ETF 230.69 1,355.44 17.02% HYG iShares iBoxx $ High Yield Corporate Bond ETF 190.38 16,134.40 1.18% XLC Communication Services Select Sector SPDR Fund 187.69 22,102.00 0.85% AGG iShares Core U.S. Aggregate Bond ETF 186.17 124,511.70 0.15% XLI Industrial Select Sector SPDR Fund 157.19 21,417.83 0.73% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -2,684.70 600,832.27 -0.45% VGT Vanguard Information Technology ETF -1,107.36 85,574.38 -1.29% TLT iShares 20+ Year Treasury Bond ETF -1,060.90 49,836.24 -2.13% BIL SPDR Bloomberg 1-3 Month T-Bill ETF -789.00 43,215.70 -1.83% IWM iShares Russell 2000 ETF -533.91 61,574.41 -0.87% VOO Vanguard S&P 500 ETF -487.47 656,853.52 -0.07% IBIT iShares Bitcoin Trust ETF -430.81 69,213.48 -0.62% SGOV iShares 0-3 Month Treasury Bond ETF -397.82 46,812.41 -0.85% SHLD Global X Defense Tech ETF -296.86 2,275.34 -13.05% NULG Nuveen ESG Large-Cap Growth ETF -278.85 1,562.44 -17.85% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -17.71 9,986.25 -0.18% Asset Allocation -53.62 24,735.96 -0.22% Commodities ETFs 456.90 209,569.41 0.22% Currency -533.21 141,983.35 -0.38% International Equity 72.02 1,787,557.61 0.00% International Fixed Income 781.00 291,703.25 0.27% Inverse -102.08 14,674.58 -0.70% Leveraged -138.74 118,632.54 -0.12% US Equity -5,246.31 6,778,231.59 -0.08% US Fixed Income -2,071.86 1,664,551.06 -0.12% Total: -6,853.60 11,041,625.60 -0.06% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
Yahoo
2 days ago
- Business
- Yahoo
Veteran strategist unveils updated gold price forecast
Veteran strategist unveils updated gold price forecast originally appeared on TheStreet. Nervous investors have flocked to gold as a safe haven against inflation, geopolitics, and, most recently, tariff turmoil, and they have been well-paid for their move this year. Now, those same investors are anxious about whether the precious metal's run can continue. Gold is up nearly 30% this year, after gaining more than 25% in 2024; it's up 44% over the last 12 months. The three-year annualized average return on gold, as measured by SPDR Gold Shares () , is 21.4%, well above its historic averages; from 1971 to 2024, the annualized return on the shiny stuff was just under 8%. Great runs like this don't last forever, so fearing a regression to the mean is normal. Calm the nerves; one of the world's leading gold strategists says record price levels will be broken regularly through the end of the Milling-Stanley, chief gold strategist for State Street Global Advisors, said in a recent interview on 'Money Life with Chuck Jaffe' that gold will continue to make sense for investors for its attributes and potential. 'We still have a lot of geopolitical turbulence, and gold historically has tended to perform well during periods of geopolitical turmoil,' said Milling-Stanley. Milling-Stanley has spent some five decades overseeing gold's fit into investment portfolios and helped develop GLD, the world's first gold-backed ETF. Clearly, he knows a thing or two about the yellow metal. 'We still don't know where we stand with interest rates. … We don't know what the outcome of that is going to be. We still have an enormous amount of uncertainty on the macroeconomic front, as well as geopolitical shock. 'When faced with uncertainty,' Milling-Stanley added, 'I've always turned to gold in the past and I think it's served me well.' Gold's run-up over the last few years has coincided with higher inflation, but that hasn't fueled the run, according to Milling-Stanley. He says it only serves the role of an inflation hedge when the economy is 'suffering sustained high inflation,' which he defines as two or more years when prices rise persistently by 5% or more. That hasn't happened since the 1970s, so even if price hikes continue at their current pace—higher than the Fed's 2% target—gold isn't likely to respond to the uncertainty that Milling-Stanley says gives gold more upside potential than downside risk. 'The higher the uncertainty, the higher the upper limit,' he explained, noting that emerging tariff policies and the pall they've cast on global markets have forced the team at State Street to revise forecasts made last December, intended to last the whole of 2025, several times already. 'I guess the most important thing to say is it looks very much as if we've established a new floor in the gold price, somewhere above $3,000 an ounce,' Milling-Stanley explained. 'The floor last year was at $2,000 an ounce. That is a huge leap. With a new floor in place—gold didn't sustain a breach of the $2,000 level until February 2024 but has been higher ever since—and with the huge gains in the last 12 months, Milling-Stanley said he would not be surprised or even disappointed if gold consolidated a bit, trading in the $3,000 to $3,500 range for a while, simply holding value if market turmoil causes other asset values to drop. But, he noted, 'our bullish case suggests that we could actually take out whatever resistance is available at the $3,500 area, and possibly even trade as high as $3,900.' By that best-case forecast, gold would gain more than 15% from current levels, on top of its huge gains of the last two years. While price performance has been glitzy, Milling-Stanley noted that a gold allocation makes sense in most portfolios for its non-glamorous, protective attributes:Diversification, thanks to 'a zero relationship' to the movement of both stocks and bonds. Protection from stock market calamity. Milling-Stanley isn't predicting disaster, but said that macroeconomic uncertainties make it impossible to eliminate the potential for something catastrophic. 'If you look at, Black Monday in 1987, if you look at the bursting of the bubble in 2001-2002, you look at the global financial crisis of 2008, you look at the advent of Covid in 2020, equities took a significant downturn and gold performed very, very well,' Milling-Stanley said. Milling-Stanley notes that gold's momentum hasn't carried over to gold miners; he favors owning the physical metal, particularly because of concerns about market swings. Miners historically have sharply underperformed metals in big downdrafts. Gold typically holds up against weakness in the dollar. The value of the dollar is off roughly 9% this year, and it lost about 4.5% in the wake of the Liberation Day tariff announcements. Inflation protection in the unlikely event that tariff policies hit home harder and longer than anticipated with the Fed losing control on price hikes. 'I think people are still looking to gold for its protective attributes, rather than necessarily hoping that the price will go up so they can sell at a profit tomorrow or next week,' Milling-Stanley said. Still, he acknowledged that those timeless attributes shine brighter when attached to gold's enhanced profit potential strategist unveils updated gold price forecast first appeared on TheStreet on Jun 3, 2025 This story was originally reported by TheStreet on Jun 3, 2025, where it first appeared.
Miami Herald
2 days ago
- Business
- Miami Herald
Veteran strategist unveils updated gold price forecast
Nervous investors have flocked to gold as a safe haven against inflation, geopolitics, and, most recently, tariff turmoil, and they have been well-paid for their move this year. Now, those same investors are anxious about whether the precious metal's run can continue. Gold is up nearly 30% this year, after gaining more than 25% in 2024; it's up 44% over the last 12 months. The three-year annualized average return on gold, as measured by SPDR Gold Shares (GLD) , is 21.4%, well above its historic averages; from 1971 to 2024, the annualized return on the shiny stuff was just under 8%. Great runs like this don't last forever, so fearing a regression to the mean is normal. Calm the nerves; one of the world's leading gold strategists says record price levels will be broken regularly through the end of the year. Related: Veteran analyst who predicted gold prices would rally offers a blunt new forecast George Milling-Stanley, chief gold strategist for State Street Global Advisors, said in a recent interview on "Money Life with Chuck Jaffe" that gold will continue to make sense for investors for its attributes and potential. "We still have a lot of geopolitical turbulence, and gold historically has tended to perform well during periods of geopolitical turmoil," said Milling-Stanley. Milling-Stanley has spent some five decades overseeing gold's fit into investment portfolios and helped develop GLD, the world's first gold-backed ETF. Clearly, he knows a thing or two about the yellow metal. "We still don't know where we stand with interest rates. … We don't know what the outcome of that is going to be. We still have an enormous amount of uncertainty on the macroeconomic front, as well as geopolitical shock. "When faced with uncertainty," Milling-Stanley added, "I've always turned to gold in the past and I think it's served me well." Gold's run-up over the last few years has coincided with higher inflation, but that hasn't fueled the run, according to Milling-Stanley. He says it only serves the role of an inflation hedge when the economy is "suffering sustained high inflation," which he defines as two or more years when prices rise persistently by 5% or more. That hasn't happened since the 1970s, so even if price hikes continue at their current pace-higher than the Fed's 2% target-gold isn't likely to respond to inflation. Related: Veteran fund manager sends surprising message on the weak dollar It's the uncertainty that Milling-Stanley says gives gold more upside potential than downside risk. "The higher the uncertainty, the higher the upper limit," he explained, noting that emerging tariff policies and the pall they've cast on global markets have forced the team at State Street to revise forecasts made last December, intended to last the whole of 2025, several times already. "I guess the most important thing to say is it looks very much as if we've established a new floor in the gold price, somewhere above $3,000 an ounce," Milling-Stanley explained. "The floor last year was at $2,000 an ounce. That is a huge leap. With a new floor in place-gold didn't sustain a breach of the $2,000 level until February 2024 but has been higher ever since-and with the huge gains in the last 12 months, Milling-Stanley said he would not be surprised or even disappointed if gold consolidated a bit, trading in the $3,000 to $3,500 range for a while, simply holding value if market turmoil causes other asset values to drop. But, he noted, "our bullish case suggests that we could actually take out whatever resistance is available at the $3,500 area, and possibly even trade as high as $3,900." By that best-case forecast, gold would gain more than 15% from current levels, on top of its huge gains of the last two years. While price performance has been glitzy, Milling-Stanley noted that a gold allocation makes sense in most portfolios for its non-glamorous, protective attributes: Related: Rich Dad Poor Dad author makes surprising silver, gold price forecast Diversification, thanks to "a zero relationship" to the movement of both stocks and from stock market calamity. Milling-Stanley isn't predicting disaster, but said that macroeconomic uncertainties make it impossible to eliminate the potential for something catastrophic. "If you look at, Black Monday in 1987, if you look at the bursting of the bubble in 2001-2002, you look at the global financial crisis of 2008, you look at the advent of Covid in 2020, equities took a significant downturn and gold performed very, very well," Milling-Stanley said. Milling-Stanley notes that gold's momentum hasn't carried over to gold miners; he favors owning the physical metal, particularly because of concerns about market swings. Miners historically have sharply underperformed metals in big downdrafts. Gold typically holds up against weakness in the dollar. The value of the dollar is off roughly 9% this year, and it lost about 4.5% in the wake of the Liberation Day tariff protection in the unlikely event that tariff policies hit home harder and longer than anticipated with the Fed losing control on price hikes. "I think people are still looking to gold for its protective attributes, rather than necessarily hoping that the price will go up so they can sell at a profit tomorrow or next week," Milling-Stanley said. Still, he acknowledged that those timeless attributes shine brighter when attached to gold's enhanced profit potential now. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Rules for Now, but the Crypto Landscape Is Vast
Investors want more than just a bit of bitcoin. Spot Bitcoin ETFs amassed inflows of nearly $9.6 billion from April 21 through May 27, according to data compiled by Morningstar Direct. With the price of the world's most popular cryptocurrency reaching all-time highs of more than $100,000 lately and the Trump administration championing digital assets, advisors might now want to expand their focus beyond just bitcoin. 'The capitalization of the crypto space right now is more than $3 trillion. How can you ignore that?' said Campbell Harver, Duke University professor and partner at Research Affiliates. 'It'd be like ignoring a couple of companies in the Magnificent Seven.' READ ALSO: RIA Headcount, AUM Shattered Records in 2024 and Bitcoin's Record Rally Prompts Advisors to Take a Second Look While spot Bitcoin ETFs have been seeing plenty of momentum lately, iShares Bitcoin Trust ETF (IBIT) is the real winner. Over roughly the past five weeks, IBIT has taken in $8.7 billion, per Morningstar. That's about 80% of its total inflows year-to-date. Bitcoin and ETFs that track it may be a new corner of portfolios, but advisors are quickly growing more comfortable with it. 'Most of my clients have a 5-10% allocation to Bitcoin,' said Mike Casey, founder of AE Advisors. 'Some are allocated significantly higher.' Bitcoin and IBIT are clearly the biggest players in the space, but advisors should have a wider view when considering crypto allocations, Harvey said, recommending wealth managers consider stablecoins — digital currencies pegged to traditional assets like the US dollar or gold. 'In my vision of the future, almost all assets will be tokenized — stocks, debts, mortgages, all this stuff,' he told Advisor Upside. 'We're going in that direction, and stablecoins are the first step.' But of course, stay away from meme coins. 'They have no fundamental value whatsoever,' Harvey said. 'They're like trading cards.' Golden Hour. Amidst the current economic uncertainty, some have begun viewing Bitcoin as a safe haven similar to gold, but that's still debated territory, given that their volatility profiles are drastically different, said Joy Yang, head of product management at MarketVector Indexes. 'Gold is more of a slow and steady type of asset and has been quietly outperforming US equities over the past 20 years,' she told Advisor Upside. 'Bitcoin has done it, too, but in a much more rollercoaster type of movement.' In the same five-week span, Gold ETFs have experienced almost $2.8 billion in outflows, with State Street's SPDR Gold Shares (GLD) accounting for nearly all of that, according to Morningstar. The precious metal's price per ounce is down from an all-time high of $3,500 in late April. However, gold is still outperforming Bitcoin, up 28% YTD compared with Bitcoin's 12% as of Monday. 'Bitcoin is still a teenager,' Yang said. 'It'll eventually be an adult, but it's going to take a winding path to get there.' This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter.
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Versus Gold: Should You Buy Now?
Welcome to Episode #446 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. This week, Tracey is going solo to look at two alternatives to stocks that are both hitting new all-time highs in 2025: Bitcoin and Gold. For those who follow Tracey on X, you know that she is not a fan of Bitcoin or cryptocurrencies but even she can respect a strong bull market when she sees one. And, no, she still doesn't own Bitcoin. Tracey has owned gold before and currently owns two gold miners in the Zacks Value Investor portfolio and in her own personal portfolio. Should stock investors be looking at Bitcoin or gold even though they are near their highs? Or should they stay clear of one, or both, of them? iShares Bitcoin Trust ETF IBIT Forget about buying the actual cryptocurrency coins. Thankfully investors can now buy Bitcoin through a basic ETF: the iShares Bitcoin Trust ETF. And investors have been gobbling up shares of IBIT since its launch on Jan 5, 2024. In that short period of time, it has already brought in $70 billion through May 29, 2025. That's a tremendous launch. As of May 29, 2025, IBIT was up 12.8% year-to-date. However, since its launch in January 2024, it's up 139%. That is easily outperforming the S&P 500, which is up 24% in that same time. Investors will pay a sponsor fee of 0.25% to own IBIT. Should investors look at an alternative like Bitcoin? SPDR Gold Shares ETF GLD SPDR Gold Shares ETF is the leading Gold ETF. Listed on Nov 18, 2004, it is the largest physically backed gold exchange in the world. You don't have to buy gold bars from Costco; you can buy the ETF. GLD has a gross expense ratio of 0.4%, which is higher than the Bitcoin ETF (IBIT) at 0.25%. Because investors want lower fees, SPDR Gold Shares launched the Gold MiniShares Trust (GLDM). It launched on June 25, 2018. It has a gross expense ratio of just 0.1%. GLD leads the industry with $97 billion in assets while GLDM already has $14.8 billion in just 7 years. GLD is up 60% over the last year, easily beating the S&P 500 which is up about 24% in the same period. Year-to-date GLD is up 23.8%, outperforming Bitcoin. GLD hit a new all-time high earlier this year. Should investors diversify with GLD or GLDM right now? What Else Should You Know About Bitcoin Versus Gold? Tune into this week's podcast to find out. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports SPDR Gold MiniShares Trust (GLDM): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
