In the backdrop of recent US trade policy and uncertainty in the financial markets, safe-haven gold has exhibited characteristics of a High-Quality Liquid Assets (HQLAs), according to a research from the World Gold Council (WGC).
According to an analysis of the global markets, family offices allocate just one per cent of their portfolios to gold and precious metals, putting it on equal footing with niche assets like art, antiques, and infrastructure, and far behind more favoured categories such as private equity, rea
This Akshaya Tritiya, an auspicious day in the Hindu calendar considered apt for buying gold, the demand for the precious metal remained relatively weak, with analysts and jewellers attributing it to its high prices. Publicly available data showed that international gold prices rose at an un
Sachin Jain, Regional CEO India at World Gold Council (WGC), said the fundamentals of gold as an asset class are "very strong" and will continue to be "very strong" throughout the year. The latest correction was on expected lines post the imposition of Trump's reciprocal tariffs.
The uncertainties around Trump's reciprocal tariffs plan and its subsequent announcement this week have come as a jab in the arm for international gold prices, which have been moving northwards for a considerable period.
Gold prices inched higher on Wednesday, climbing to a new high. According to publicly available data, international gold prices stayed above the physiologically relevant USD 3,000 per ounce mark.
Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days. This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments.
John Reade, Senior Market Strategist at the World Gold Council, gold has consistently performed well in risk-off environments, climbing from USD 1,000 during the financial crisis to USD 2,000 amid the pandemic, and now surpassing USD 3,000 as global uncertainty intensifies.
Global gold exchange-traded funds (ETFs) saw continued inflows during February as holdings across all regions grew, data made available by the World Gold Council (WGC) showed.
Gold prices have been on an upward trend, with February seeing multiple new highs before pulling back to end the month at USD 2,835 per ounce, marking a 0.8 per cent increase, according to the WGC.