Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Gold ETF’s boost gold price further

Gold is seen trading around the $1,220 per troy ounce mark at the end of this week's session. In its previous session, it had initially touched the $1,200 mark by mid-day and held its ground above this threshold. Subsequently the gold price advanced to $1,240 during late trading. In euro terms, gold scaled up to nearly €1,120 per troy ounce, hitting a ten month high. The price rise comes along as the oil prices decline, suggesting higher risk aversion among market participants.

Gold ETF inflows provided further support to gold price as it witnessed an inflow of 5.3 tons yesterday. Since January, gold ETF holdings have grown by 154 tons, thus this year's ETF inflows have already surpassed the outflows of last year which was at 138 tons.

Hence, gold remains in demand amid growing financial market turbulence. The central banks have increased their gold reserves as China purchased 16 tons and Russia acquired 13.6 tons of gold in January. 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-03-27 00:47:41
0m

March 27 01:30 UTC Released

CNTurnover/sales cum Y/Y

Actual

-14 Percent

Forecast

Previous

10.3 Percent

March 27 01:00 UTC Released

NZCen Bank Interest Rate

Actual

1.75 %

Forecast

1.75 %

Previous

1.75 %

January 31 00:00 UTC 604982604982m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 604982604982m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 616802616802m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 604982604982m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 616802616802m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 604982604982m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 604982604982m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 604982604982m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.