investment demand

Gold rises on geopolitical tensions but investment demand remains weak

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Gold rises on geopolitical tensions but investment demand remains weak

Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis‘ targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the … Read more

Losing shine? Investment demand for gold plummets to four-year lows

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Losing shine? Investment demand for gold plummets to four-year lows

COMEX Gold prices experienced a significant downturn, marking their most substantial weekly loss in months. The yellow metal slid below the critical $1,900 per troy ounce threshold, primarily in response to a sharp surge in US treasury yields. This surge in yields elevated the opportunity cost of holding gold. At its September policy meeting, the … Read more