Israel-Iran war: Despite short-term blips, gold price has been on the rise since October 2022. The yellow metal has delivered a staggering return of 33 percent over the last one year in rupee terms, far outperforming the Nifty 50. The broader equity market index could gain only 27 percent.
Gold Fund
Gold ETFs attract Rs 6,657 crore inflow in 2020
Gold ETFs : Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020.
Swiss Hedge Fund to Offer Clients Gold Shield Against Inflation
A Swiss hedge fund plans to offer investments denominated in gold and silver to protect clients against the risk that record coronavirus stimulus spending will push down currency values.
BlackRock’s $1.3 Billion Gold Fund Feels Pain of Miners
Gold Silver Reports (GSR) – BlackRock’s $1.3 Billion Gold Fund Feels Pain of Miners — The $1.3 billion BlackRock Gold and General Fund lost 15 percent last quarter, its worst performance since the third quarter of 2015. Among large materials-focused equity funds, it was the second-worst performer after another BlackRock gold fund domiciled in Japan.
Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere
Gold Silver Reports – Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.
This Gold Fund Is Joining the Bitcoin Frenzy
Gold Silver Reports – The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon.
Gold ETF Holdings Up Mildly In Volume Terms
Gold Silver Reports — At the end of March, total holdings in gold-backed ETFs and similar products stood at 2,251.8t (72.4 moz), up 5.9t from February. These holdings were valued at US$90.1bn, 1% lower than a month earlier.