The global sell-off will result in huge demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span.
Goldman Sachs postpones gold price prediction to mid-2026, citing Fed decisions. Gold expected to reach $2,910/oz by end of 2025. Antimony mining project in Idaho could boost US demand and reduce vulnerability to China's market control.
Amid gold's record-breaking 27% surge in 2024, Rolex SA increased prices on select luxury models, with precious metal timepieces rising by up to 8%. The yellow gold GMT-Master II now costs €44,600.
With 2024 almost in the rearview mirror, the big question for investors is whether stocks will continue to march higher after two years of blockbuster gains.
Gold regained its luster this week, driven by safe-haven demand amid an escalation in the conflict between Russia and Ukraine. The bullion is on track to post its best week in a year, rising 5% so far. Here is a look at ETFs that may benefit.
Additionally, geopolitical risks, particularly concerning Iran, could influence oil supply due to potential increased U.S. support for Israel and stricter sanctions enforcement.
Even after the U.S. headline and core consumer price inflation rose in the month of October, the Gold spot (NASDAQXAU) prices fell to a two-month low and have been hovering in the same range. Key ETFs that track gold, have also taken a beating.
