Workflow
Safe-haven
icon
Search documents
Gold Nears $3,800 Mark, But Expert Says 'We Aren't Anywhere Close To Gold Fever Yet:' 39% Of Fund Managers Have 0% Allocation
Benzinga· 2025-09-22 12:06
Core Viewpoint - Gold prices are experiencing a significant rally, nearing $3,800 per ounce, driven by strong demand and economic uncertainty, with potential for further increases as institutional investors remain cautious [1][3]. Demand and Market Sentiment - A recent Bank of America Global Fund Manager Survey indicates that 39% of fund managers have no allocation to gold, down from 47% in August, highlighting untapped investment potential [2][3]. - Robust physical demand is noted, particularly from China, which imported 104 tonnes of non-monetary gold in July, exceeding the five-year average [3]. - Anticipated demand in India is expected to rise with the festival season, providing additional support for gold prices [4]. Price Projections and Investment Strategies - Market experts predict gold prices could reach $4,000 per ounce, with notable shifts in investment strategies, including Morgan Stanley's revision of the "60/40" portfolio to include gold [5][6]. - Gold spot prices rose 1.07% to approximately $3,724.39 per ounce, with a 23.13% increase over the last six months and a 41.99% increase over the past year [7]. ETF Performance - Several gold ETFs have shown strong year-to-date and one-year performance, with Franklin Responsibly Sourced Gold ETF FGDL at 38.74% YTD and 40.01% over one year, while Goldman Sachs Physical Gold ETF AAAU is at 38.40% YTD and 40.05% over one year [8][9]. - Gold miner ETFs have also performed well, with VanEck Gold Miners ETF GDX up 104.75% YTD and 79.42% over one year [9].
VIX Jumps 20% As Stocks Slump, Gold Tops Record Highs: What's Moving Markets Tuesday?
Benzinga· 2025-09-02 17:00
Market Overview - Wall Street experienced broad losses, with major indices retreating as investors adopted a risk-off approach due to concerns over high valuations, seasonal challenges, and fiscal strains [1][2] - The CBOE Volatility Index (VIX) surged nearly 20% to 19.2, marking its third consecutive advance, indicating increased market fear [1] Major Indices Performance - The Nasdaq 100 led the decline, falling 1.7%, while the S&P 500 decreased by 1.4% in its first session of September, historically the weakest month [2] - The Dow Jones lost over 500 points, or 1.1% [2] - The Vanguard S&P 500 ETF (VOO) slipped 1.5% to $584.49, and the SPDR Dow Jones Industrial Average (DIA) fell 1.1% to $451.04 [6] Sector Performance - Chipmakers were significantly impacted, with NVIDIA Corp. dropping 3.6%, Arm Holdings plc sinking 5%, and ASML Holding NV and Qualcomm Inc. each losing about 3% [2] - The Consumer Staples Select Sector SPDR Fund (XLP) outperformed, down only 0.3%, while the Technology Select Sector SPDR Fund (XLB) lagged, down 2% [6] Economic Indicators - The ISM Manufacturing PMI indicated a sixth consecutive month of contraction, suggesting that tariffs meant to protect domestic industries are increasing costs and delaying investments [3] - Safe-haven assets saw strong demand, with gold reaching record highs above $3,500 an ounce and silver surpassing $40 [3] Bond Market Activity - Long-dated yields rose across advanced economies, with 30-year U.S. Treasuries increasing five basis points to 4.97%, just below the 5% mark [4] Notable Stock Movements - Top gainers in the S&P 500 included Ulta Beauty Inc. (+6.45%), Biogen Inc. (+3.84%), and Ralph Lauren Corp (+3.36%) [5] - The worst performers included TransDigm Group Inc. (-7.50%), Constellation Brands Inc. (-6.97%), and Kraft Heinz Co. (-6.96%) [7]
X @Bloomberg
Bloomberg· 2025-08-14 00:47
Hedged Singapore government bonds are the most expensive versus US peers in at least four years as investors seek safe-haven alternatives to American assets https://t.co/RZQUyNbo3V ...