Auto Added by WPeMatico

Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports

The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and…

Continue ReadingGold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports

Peter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key

Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls…

Continue ReadingPeter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key

Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices

Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the…

Continue ReadingNet Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices

JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price…

Continue ReadingJPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge