Gold ETFs Tumble as Price Falls Below $4,000 for First Time Since November 2024

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โดย The Daily Upside. To receive·Read original
Summary · why it matters

Gold ETFs have lost their shine as the price of gold fell below $4,000 last week for the first time since November 2024, dragging down funds like SPDR Gold Shares and iShares Gold Trust. The precious metal has dropped about 6% so far this year and more than 10% since the start of June, with the SPDR Gold Trust declining roughly 6% year-to-date. The outlook for flat or rising interest rates is dulling gold's appeal, though some analysts see potential for recovery if inflation cools or institutional buying picks up. Stephen Laipply, global co-head of iShares fixed income ETFs at BlackRock, described the rate environment as an economic growth and resilience story.

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