Select Language

Gold has rallied more than 16% this year - ING

Breaking news

Gold has rallied more than 16% this year - ING

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.03.26 20:04
Gold has rallied more than 16% this year - ING

update 2025.03.26 20:04

In precious metals, exchange-traded funds (ETFs) added 23 tonnes of Gold in the last trading session, the biggest one-day increase since 2022, ING's commodity analysts Warren Patterson and Ewa Manthey note.

Trump's unpredictable trade policy is the key driver for Gold

"Over the first quarter of 2025, Gold-backed ETFs have seen net inflows of around 155 tonnes so far, lifting the total to the highest since September 2023. If this trend is sustained, it will help support prices."

"There's still room for further additions given the current total remains shy of the peak hit in 2020. Gold-backed ETFs saw outflows over the last few years. Global holdings in Gold ETFs were effectively flat in the fourth quarter and ended the year very close to where they started it even as Gold prices surged 27%."

"Gold has rallied more than 16% this year as escalating trade actions bolstered safe-haven buying. US President Trump's unpredictable trade policy is the key driver for Gold. We see uncertainty over trade and tariffs continuing to buoy Gold prices."


Date

Created

 : 2025.03.26

Update

Last updated

 : 2025.03.26

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

AUD/JPY Price Analysis: Drops toward 94.20 area as bearish pressure mounts

The AUD/JPY pair extended its decline on Friday, hovering near the 94.30 zone after the European session and slipping closer to the lower end of its intraday range.
New
update2025.03.29 06:39

Australian Dollar stuck near 0.6300 as PCE data fails to shift sentiment

The Australian Dollar (AUD) remains directionless during Friday's American session, with AUD/USD hovering around the 0.6300 zone.
New
update2025.03.29 05:57

Canadian Dollar roils as Trump reiterates tariff threats

The Canadian Dollar was dragged in both directions on Friday, rising and then falling as market flows clash with fresh threats of tariffs on Canada from US President Donald Trump.
New
update2025.03.29 05:22

Silver Price Forecast: XAG/USD pulls back from 5-month peak, bears eye $34

Silver price hits a five-month high but retreats toward the $34 figure late on Friday, as traders brace for the weekend, eyeing a busy economic schedule in the United States (US).
New
update2025.03.29 05:19

Gold price hits new record high near $3,090 as Fed cut bets defy trade war fears

Gold price rallied sharply on Friday, hitting a new record high of $3,086 amid uncertainty over US trade policy, alongside an uptick in the Federal Reserve's (Fed) preferred inflation gauge.
New
update2025.03.29 05:04

US Dollar stalls as markets digest PCE and tariff outlook

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve's (Fed) preferred inflation metric -- the Personal Consumption Expenditures (PCE) Price Index.
New
update2025.03.29 03:31

Mexican Peso sinks as Banxico cuts, US PCE and tariff fears boost US Dollar

The Mexican Peso (MXN) prolongs its agony in the week, depreciating against the US Dollar (USD) after Banco de Mexico (Banxico) reduced interest rates but also paved the way for additional easing.
New
update2025.03.29 03:14

Dow Jones Industrial Average drops on fresh inflation, tariff, and recession fears

The Dow Jones Industrial Average (DJIA) backslid over 700 points on Friday, falling 1.75% and tumbling to 41,500 after core Personal Consumption Expenditure (PCE) inflation figures accelerated in February.
New
update2025.03.29 02:54

EUR/USD Price Analysis: Edges toward 1.0830 as bullish momentum builds post-Europe

EUR/USD extended its upward trajectory on Friday, moving near the 1.0830 region after the European session and toward the upper end of the day's trading range.
New
update2025.03.29 01:01

GBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil

The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.
New
update2025.03.29 00:25

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel