Pension funds turn to gold as bonds lose their hedging power
Gold is finding a durable place in pension-fund portfolios as bonds offer less protection against inflation and market shocks, according to the World Gold Council.
Gold Market
Tagged: world gold council
Gold ETF inflows extend to ninth straight week as US investors lead
Investments into physically backed gold ETFs remained positive for the ninth week running, led by US inflows of $2.21 billion. Total inflows reached $4.24 billion.
Indian gold demand rebounds despite government pleas and higher duties
India's gold imports doubled in July to an estimated 40-45 tonnes, defying Prime Minister Modi's appeal and a sharp customs duty hike. Cultural attachment and store-of-value demand keep the market resilient.
Central banks added 23 tonnes of gold in July, pace slows
Central banks bought a net 23 tonnes of gold in July, the World Gold Council reported. Year-to-date purchases of 130 tonnes lag last year, with higher prices prompting caution.
Central banks bought 23 tonnes of gold in July, led by China and Poland
Central banks net purchased 23 tonnes of gold in July, led by China (20t) and Poland (8t). Year-to-date purchases total 130 tonnes, lower than 160t a year ago. Russia sold 6t.
Gold rises for third straight week, hits near $4,603
Gold rose 5% to nearly $4,603, its third straight weekly gain. A weaker US dollar and Treasury buybacks supported the rally, though the World Gold Council expects near-term prices to stay rangebound.
Central Bank Gold Buying: How It Is Reported and Where Data Comes From
Central bank gold buying is tracked through official reserves reports, surveys, and filings with the IMF and World Gold Council.