TechnoclinicTechnoclinic
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Gold Dips as Stocks Struggle; Bullion Funds See More Inflows
Share
Sign In
Aa
TechnoclinicTechnoclinic
Aa
Search
  • Home
  • APPS
  • CAMERAS
    • PRINTERS
  • GAMING
    • LAPTOPS
  • HDTV
  • NEWS
  • PHONES
    • TABLETS
  • REVIEWS
  • SOFTWARE
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technoclinic > NEWS > Gold Dips as Stocks Struggle; Bullion Funds See More Inflows
NEWS

Gold Dips as Stocks Struggle; Bullion Funds See More Inflows

srijita
Last updated: 2016/02/25 at 5:11 PM
srijita
Share
SHARE
Gold Dips as Stocks Struggle; Bullion Funds See More Inflows
Singapore: Gold fell early on Thursday as investors cautiously watched volatile stock and oil markets for cues, but stayed above $1,200 an ounce, drawing some support from flows into bullion funds.

Fundamentals

* Spot gold eased 0.2 percent to $1,226.40 an ounce by 0043 GMT.

* On Wednesday, gold had risen as much as 2 percent to $1,252.91 as lower oil prices dragged down stocks. But the metal gave up most of its gains to close up 0.2 percent higher as crude turned higher, lifting stocks, after data showed U.S. gasoline demand spiked.

* Other safe-haven assets such as Treasuries also reversed course after the bounce in crude.

* A gauge of equities across the globe closed lower on lingering concern about economic growth. Asian shares got off to a shaky start on Thursday in the face of a fragile recovery in volatile crude oil.

* Gold’s 16 percent rally this year has been fuelled by safe-haven bids as global equities tumbled. The metal hit a one-year top of $1,260.60 two weeks ago.

* An increase in money flowing into bullion-backed exchange traded funds (ETF) has also supported the rally.

* Inflows into SPDR Gold Trust, the top gold ETF, since the beginning of the year have already surpassed outflows for the whole of 2015. The increase in assets so far are also the highest since 2010.

* On Wednesday, holdings of the fund rose again to 760.32 tonnes, its highest since March 2015.

* Gold is also finding support from increasing expectations that the Federal Reserve will not further raise U.S. interest rates this year after hiking rates for the first time in nearly a decade in December.

* Dallas Fed President Robert Kaplan said on Wednesday that his more downbeat assessment of the central bank’s path of rate hikes will be reflected at the next policy meeting in March.

* Kaplan is among a growing number of Fed officials who have said the U.S. central bank may have to halt further interest rate hikes amid tightening financial conditions and slow progress toward the Fed reaching its 2-percent inflation target.

[“source-ndtv”]
TAGGED: as, Bullion, Dips, Funds, Gold, Inflows, More, See, Stocks, Struggle;

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
srijita February 25, 2016
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Bulls Chalk One Up after Late-Day Surge on Wall Street
Next Article Donald Trump Calls for Apple Boycott Until Firm Unlocks Shooter’s iPhone

Latest News

How to Prepare for the Mandatory Windows 11 Upgrade
LAPTOPS
How to Clean Your Flat-Screen TV The Right Way
HDTV
AI and Content Management: How Organizations Can Prepare for the Future
SOFTWARE
What is Application Software: Function and Features of Application
APPS
Case Study: Nissan and Teads’ Immersive Concept Car Campaign Transformed Scrolls into Stories
NEWS
Review of Hootsuite: Advantages, Drawbacks, Features, and Other Options
REVIEWS

Most Viewed Posts

  • Bengaluru Lady Turns Blinkit Conveyance Specialist For A Day And Her Choice Prompted Significant Changes In Application (1,243)
  • Choosing the Right Tablet for Blogging and Writing On the Go (1,161)
  • How to Start a Product Review Blog (Templates & Examples) (1,109)
  • How To Start A Review Blog and Get Free Review Products (1,099)
  • What You Need to Know About Smartphones vs. Tablet use of the Mobile Internet (1,079)

© 2023 TechnoClinic Network. TechnoClinic Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?