Gold market

December 30, 2024 3:31 PM

Mixed Fortunes for Commodities in 2025: Gold Bull Run to continue amidst energy and agricultural volatility

The gold market thrived throughout 2024, delivering substantial gains for investors in the yellow metal. It is anticipated that this precious metal will continue to shine as we move into the new year. Publicly available data shows that gold yielded approximately 27 per cent returns in 2024. In a recent report, MUFG Bank, Japan's largest bank and one of the world's largest, asserted that the bull run in gold will persist through 2025. The report attributes this to two key factors: hedging again...

India third-largest gold buyer in May, after Switzerland and China: WGC

The global gold market experienced a turnaround in May, ending a 12-month slump for gold exchange-traded funds (ETFs) with a resurgence in inflows. This positive momentum was driven by strong demand in Europe and Asia, despite minor outflows in North America. By the end of May, global gold ETF holdings had risen to 3,088 tonnes, with total assets under management (AUM) reaching $234 billion, a 2% increase for the month. Physically backed gold ETFs enjoyed a net inflow of $529 million, marking t...