3 Reasons Why Gold ETFs Could Surge From Here
Gold prices jumped in 2024 buoyed by the potential for the US monetary policy easing, a likely decline in the US dollar, increased geopolitical tensions and continuous purchasing by central banks.
Gold prices jumped in 2024 buoyed by the potential for the US monetary policy easing, a likely decline in the US dollar, increased geopolitical tensions and continuous purchasing by central banks.
The technology sector is the clear leader of the 2024 market rally so far and will continue its solid run.
Inflows were led by IVV's $2.39 bln while SPY's $2.76 bln led outflows.
Oil driller Noble Corp (NE) is set to acquire Diamond Offshore Drilling (DO) in a stock-plus-cash deal valued at $1.6 billion. Noble Corp. CEO and President Robert Eifler sits down with the Market Domination team to talk more about the acquisition and Noble's drilling operations amid recent forecasts on crude oil (CL=F, BZ=F) demand. "We drill for some of the largest companies in the world, and they have a lot of needs. And in order to meet those needs globally, we need to have enough assets so that we can spread our investments, around technology and innovation across a bigger base," Eifler says on the company's push to increase its scale. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. Catch more of Yahoo Finance's coverage surrounding oil prices and the broader energy sector: The big reason why there will be more energy sector deals Energy transition is caught in a 'trilemma,' expert explains IEA warns of 8M barrel per day oil surplus by 2030 Oil may reach $86 per barrel this summer: Goldman Sachs Oil prices rebound despite 'shaky' demand outlook
Inflation in the United States cooled down in May for the second consecutive month. We have highlighted ETFs from five sectors that will benefit from easing inflation.
Total commodity investor assets under management continued to rise through April and May, according to analysis from RBC, suggesting that this turn in momentum should be one to watch. Total assets under management (AUM) now stand at $608.4 billion, higher month-on-month but still not enough to pull the year-to date average for 2024 above the 2023 full year average. “In 2024, we think AUM could stabilize further, especially if precious metals flows turn sustainably positive,” RBC said.
The CPI was unchanged in May, the government reported on Wednesday.
IVV leads outflows while SPY tops inflows.
The concentrated ETF will spotlight the best traders in Congress.
The large-cap space have been the clear leader this year. We have highlighted some solid reasons for their outperformance.