Latest news with #SPDRGoldTrust
Arabian Business
26-05-2025
- Business
- Arabian Business
Trump's EU tariff extension pushes gold prices down
Gold prices eased on Monday after US President Donald Trump set a July 9 deadline for a trade deal with the European Union (EU), rescinding his earlier threat of a 50 per cent tariff from June 1. Spot gold was down 0.3 per cent at $3,346.55 an ounce, while US gold futures fell 0.6 per cent to $3,345.80. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.15 per cent to 922.46 tons on Friday from 923.89 tons on Thursday, Reuters reported. Gold prices rose more than two per cent to a two-week peak on Friday, supported by safe-haven inflows after Trump recommended 50 per cent tariffs on EU imports from June 1 and said he was considering a 25 per cent tariff on any Apple iPhones made outside the US. 'There is (a) kind of element of relief in the marketplace after (the) pause on tariffs on the EU and we're seeing gold weaken,' the Reuters report quoted Kyle Rodda, financial market analyst, as saying. Rodda, however, said the trend is still positive for gold because of the United States' actions, which is impacting them as well and that could negatively impact the dollar and U.S. assets, adding that most of the central banks were moving away from the dollar to gold. The dollar index, meanwhile, fell to a nearly one-month low against its rivals. A weaker dollar makes greenback-priced gold less expensive for other currency holders. Trump on Sunday backed off his threat to speed up 50 per cent tariffs on imports from the European Union, agreeing to extend his deadline for trade talks until July 9 after the head of the EU executive body said the bloc needed more time to 'reach a good deal'.
New Straits Times
26-05-2025
- Business
- New Straits Times
Gold retreats from two-week high as Trump extends EU tariff deadline
KUALA LUMPUR: Gold prices slipped from a two-week high on Monday after US President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50 per cent tariff from June 1. Spot gold was down 0.5 per cent at US$3,339.13 an ounce, as of 0101 GMT. US gold futures fell 0.8 per cent to US$3,337.40. Trump on Sunday backed off his threat to speed up 50 per cent tariffs on imports from the European Union, agreeing to extend his deadline for trade talks until July 9 after the head of the EU executive body said the bloc needed more time to "reach a good deal." Gold prices rose more than 2 per cent to a two-week peak on Friday, supported by safe-haven inflows after Trump recommended 50 per cent tariffs on European Union imports from June 1 and considering a 25 per cent tariff on any Apple iPhones made outside the United States. The dollar index, meanwhile, fell to a near one-month low against its rivals. A weaker dollar makes greenback-priced gold less expensive for other currency holders. Russian forces launched a barrage of 367 drones and missiles at Ukrainian cities overnight, in the largest aerial attack of the war so far, killing at least 12 people and injuring dozens more, officials said. Israeli military strikes killed at least 30 Palestinians across the Gaza Strip on Sunday, including a senior rescue service official and a journalist, local health authorities said. Trump said that US negotiators had "very good" talks with an Iranian delegation over the weekend as he seeks a deal to prevent Tehran from developing a nuclear weapon. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.15 per cent to 922.46 tons on Friday from 923.89 tons on Thursday. Spot silver eased 0.3 per cent to US$33.36 an ounce, platinum edged 0.1 per cent higher to US$1,095.90 and palladium gained 0.8 per cent to US$1,000.83.
Yahoo
21-05-2025
- Business
- Yahoo
Here's Another Piece of Evidence That Bitcoin Is Becoming "Digital Gold"
There's a narrative that Bitcoin is akin to digital gold. The similarities are significant, but they aren't really the same asset. Investing in both assets could be a reasonable but fairly conservative choice. 10 stocks we like better than Bitcoin › Bitcoin (CRYPTO: BTC) has often been called "digital gold," supposedly able to preserve an investor's purchasing power from inflation. But for the most part, such claims have yet to face a real test. Nonetheless, there's now one more piece of evidence suggesting that at least some investors are putting their money where their mouth is with regard to the cryptocurrency's merits as a safe haven. Here's what's happening and how it changes the calculus for these investments. One way to gauge how enthusiastic investors are about an asset is to measure the inflows of money to exchange-traded funds (ETFs) that hold the asset. If people are eager to hold something like a cryptocurrency or a commodity, they'll allocate their capital to financial vehicles that allow them to hold that asset by proxy if anything might prevent them from holding it directly. For both gold and Bitcoin, such scenarios exist, so inflows to ETFs are a valid way to see what's in demand. The data is revealing. The iShares Bitcoin Trust ETF (NASDAQ: IBIT) which just holds Bitcoin, saw net inflows totaling nearly $7 billion between the start of the year and May 6. In comparison, the SPDR Gold Trust (NYSEMKT: GLD) which holds claims to physical gold, saw net inflows of $6.5 billion. This is a surprising finding, and it supports the thesis that Bitcoin is actually a store of value capable of protecting investors from some economic disruptions. Given the global economic uncertainty that has defined 2025 so far, you might expect that investors would prefer gold over a cryptocurrency. After all, gold has a very long history of being valuable, unlike Bitcoin, and it's also useful in jewelry, electronics, and other items. Both assets are scarce, have the potential to preserve purchasing power in the face of fiat currency inflation, and require substantial capital expenditure to obtain and deliver to investors. The fact that investors have sought more exposure to the Bitcoin ETF than the gold ETF suggests that there might be something more fundamental that could have shifted about how investors see the assets, especially regarding its chances of stability during turbulent times. Regardless of the cause, Bitcoin has performed well. Whereas the gold ETF's price has risen by 56% over the last three years, Bitcoin's has risen by 127%, and both have beaten the market's return of 27%. Another potential cause is the global trend of countries considering or actually creating Bitcoin reserves. Companies and institutional investors are adding it to their balance sheets, too. In other words, gold's long history of use is all well and good, but I'd argue that it can't be expected to grow in the coming decades nearly as much as Bitcoin can as it enters what I think will be its biggest wave of adoption. After all, gold is already accepted as a store of value and as a commodity. And investors are probably counting on Bitcoin continuing to grow over the long term, regardless of any short-term problems that might arise. I truly believe that Bitcoin's role in the global financial system is only going to increase from here. Still, it's unclear if Bitcoin will ever overcome the fact that it's vastly more volatile than gold on a quarterly basis. It's even less clear whether its value will hold up in the event of a real crisis, one causing significant disruption across multiple countries. That means there could be a home for both "digital gold" and actual gold in most investors' portfolios. Bitcoin will probably grow much faster, but it isn't as safe. And while gold won't be as volatile, it's important to recognize that it can still experience gluts and bear markets like other commodities. Finally, keep in mind that Bitcoin is an asset that tends to mirror the liquidity of the global financial system. If there's a deflationary shock of some kind, it might end up sucking the wind out of Bitcoin's sails and make investors seriously question the validity of the "digital gold" moniker. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Alex Carchidi has positions in Bitcoin and iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Here's Another Piece of Evidence That Bitcoin Is Becoming "Digital Gold" was originally published by The Motley Fool
Yahoo
20-05-2025
- Business
- Yahoo
Here's Another Piece of Evidence That Bitcoin Is Becoming "Digital Gold"
There's a narrative that Bitcoin is akin to digital gold. The similarities are significant, but they aren't really the same asset. Investing in both assets could be a reasonable but fairly conservative choice. 10 stocks we like better than Bitcoin › Bitcoin (CRYPTO: BTC) has often been called "digital gold," supposedly able to preserve an investor's purchasing power from inflation. But for the most part, such claims have yet to face a real test. Nonetheless, there's now one more piece of evidence suggesting that at least some investors are putting their money where their mouth is with regard to the cryptocurrency's merits as a safe haven. Here's what's happening and how it changes the calculus for these investments. One way to gauge how enthusiastic investors are about an asset is to measure the inflows of money to exchange-traded funds (ETFs) that hold the asset. If people are eager to hold something like a cryptocurrency or a commodity, they'll allocate their capital to financial vehicles that allow them to hold that asset by proxy if anything might prevent them from holding it directly. For both gold and Bitcoin, such scenarios exist, so inflows to ETFs are a valid way to see what's in demand. The data is revealing. The iShares Bitcoin Trust ETF (NASDAQ: IBIT) which just holds Bitcoin, saw net inflows totaling nearly $7 billion between the start of the year and May 6. In comparison, the SPDR Gold Trust (NYSEMKT: GLD) which holds claims to physical gold, saw net inflows of $6.5 billion. This is a surprising finding, and it supports the thesis that Bitcoin is actually a store of value capable of protecting investors from some economic disruptions. Given the global economic uncertainty that has defined 2025 so far, you might expect that investors would prefer gold over a cryptocurrency. After all, gold has a very long history of being valuable, unlike Bitcoin, and it's also useful in jewelry, electronics, and other items. Both assets are scarce, have the potential to preserve purchasing power in the face of fiat currency inflation, and require substantial capital expenditure to obtain and deliver to investors. The fact that investors have sought more exposure to the Bitcoin ETF than the gold ETF suggests that there might be something more fundamental that could have shifted about how investors see the assets, especially regarding its chances of stability during turbulent times. Regardless of the cause, Bitcoin has performed well. Whereas the gold ETF's price has risen by 56% over the last three years, Bitcoin's has risen by 127%, and both have beaten the market's return of 27%. Another potential cause is the global trend of countries considering or actually creating Bitcoin reserves. Companies and institutional investors are adding it to their balance sheets, too. In other words, gold's long history of use is all well and good, but I'd argue that it can't be expected to grow in the coming decades nearly as much as Bitcoin can as it enters what I think will be its biggest wave of adoption. After all, gold is already accepted as a store of value and as a commodity. And investors are probably counting on Bitcoin continuing to grow over the long term, regardless of any short-term problems that might arise. I truly believe that Bitcoin's role in the global financial system is only going to increase from here. Still, it's unclear if Bitcoin will ever overcome the fact that it's vastly more volatile than gold on a quarterly basis. It's even less clear whether its value will hold up in the event of a real crisis, one causing significant disruption across multiple countries. That means there could be a home for both "digital gold" and actual gold in most investors' portfolios. Bitcoin will probably grow much faster, but it isn't as safe. And while gold won't be as volatile, it's important to recognize that it can still experience gluts and bear markets like other commodities. Finally, keep in mind that Bitcoin is an asset that tends to mirror the liquidity of the global financial system. If there's a deflationary shock of some kind, it might end up sucking the wind out of Bitcoin's sails and make investors seriously question the validity of the "digital gold" moniker. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Alex Carchidi has positions in Bitcoin and iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Here's Another Piece of Evidence That Bitcoin Is Becoming "Digital Gold" was originally published by The Motley Fool
Yahoo
12-05-2025
- Business
- Yahoo
Stock ETFs Surge on China Tariffs Pact; Bonds, Gold Falter
Equity ETFs soared after the U.S. and China agreed to roll back tariffs for 90 days, potentially signaling the end of a trade war that had roiled markets since President Donald Trump launched the battle six weeks ago. The world's largest exchange-traded fund, the $621.5 billion Vanguard S&P 500 ETF (VOO), jumped 2.7%. That fund is now above its April 2 'Liberation Day' price. The SPDR Gold Trust (GLD) fell 3.1%, a small dent to the 27% gain so far this year, while the iShares 20+ Year Treasury Bond ETF (TLT) lost 0.6% as investors bet on growth over safety. Under the agreement hatched during negotiations in Switzerland, the U.S. cut tariffs on Chinese imports temporarily to 30% from 145% while Beijing reduced duties imposed on U.S. goods to 10% from 125%. The changes take place Wednesday. Markets have tumbled this year, businesses altered plans and consumer sentiment dropped as the Trump administration took aim at imports with a mix of threats and actual tariffs. Today's jump in the S&P 500 was its biggest since the 9.5% gain on April 9, days after stocks briefly dipped into bear market territory as the trade war escalated. While investors have moved money into safer bets such as gold ETFs in recent weeks—pushing the precious metal to record highs—they've still poured a net $8.5 billion into VOO over the past month through Friday on hopes for a market rebound. The iShares China Large-Cap ETF (FXI) gained 3.3%. Retail ETFs also jumped, including a 4.6% gain in the $437.7 million SPDR S&P Retail ETF (XRT), on expectations that the tariffs won't boost the costs to consumers for budget Chinese goods. XRT holds equities in companies including Dollar General Corp. (DG), Dollar Tree Inc. (DLTR) and National Vision Holdings Inc. (EYE). Pharma ETFs were mixed after President Trump said he'll take steps to control drug prices. The $138.5 million VanEck Pharmaceutical ETF (XPH) rallied 1.7% after an earlier decline, while the $235.1 million Invesco Dynamic Pharmaceuticals ETF (PJP) rose 2.2% after a morning dip. India ETFs gained after that country and Pakistan stopped shelling each other following a truce that aimed to calm tensions between the nuclear-armed countries, who had been attacking each other since late April. The $8.8 billion iShares MSCI India ETF (INDA) gained 3.5%.Permalink | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
