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For the second straight month, gold flowed into ETFs in April. Globally, gold-backed ETFs reported net inflows of 15 tons last month, reflecting an increase of about $824 million.
Physical gold investment was up by 5% year-on-year in the first quarter. Investors bought 302 tons of gold bars and gold coins in Q1 with a value of $18.4 billion. This was 14% above the 5-year average, according to the World Gold Council.
The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what’s next. But what if the words Powell and Company are saying don’t really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey […]
All major categories of silver demand charted highs in 2022, contributing to a new total global silver demand record of 1.242 billion ounces. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.
Many people are concerned about a possible move toward central bank digital currency and we’re starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they’re missing the more fundamental problem with government-issued fiat currency. […]
Most attention in the precious metals markets has focused on inflation and the Federal Reserve’s response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this – […]
Silver demand set a record in every category last year based on final data released by the Silver Institute this week. Total global silver demand in 2022 came in at a record $1.242 billion ounces. This represented an 18% increase in silver demand over 2021.
Gold has alternately rallied and tanked over the last week based primarily on how investors view the inflation fight. When they think the Fed is about to win, they buy gold. When they think the fight may have to continue, they sell. In a recent podcast, Peter explained that investors are right to buy gold […]
With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, […]
Gold was up 9.2% to a quarterly average of $1,980 an ounce in the first quarter of 2023. This was just 1% off the record high charted in Q3 2020.
