No Data
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Ahead of Fed Meeting Minutes
Since the USA election, both the USA and China have been competing for Gold.
Recently, China has seen a rebound in demand for Gold, primarily driven by purchases from the central bank. Since the US elections, demand for Gold in the USA has surged, leading to a premium on US Gold prices due to tariff expectations, and in the past two months, a large amount of Gold has been transferred from Global reserves and bullion Banks to the USA.
Trump's tariffs spark a "Gold buying frenzy" in the USA: Singapore's gold exports to the USA hit a nearly three-year high.
Singapore's gold bar exports reached a new high since 2022; Gold is accelerating its flow to the USA, and tariff concerns are driving the expansion of price differences.
GLD ETF Rises 1.7%
Update: Gold Rises to a Fresh Record as U.S. Trade Policy Concerns Spur Safe-Haven Buying
Gold Revaluation Risks 'Messy' Outcome for Fed, Wrightson Says