Gold Price Reclaims $2750/Oz Amid Record $3 Billion Inflows Into Gold Funds

seekingalpha10-30

Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever.Year-to-date gains for gold are at ...

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Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever.Year-to-date gains for gold are at ...</p>\n\n<a href=\"https://seekingalpha.com/article/4730553-gold-price-reclaims-2750oz-amid-record-3-billion-inflows-into-gold-funds\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Price Reclaims $2750/Oz Amid Record $3 Billion Inflows Into Gold Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Price Reclaims $2750/Oz Amid Record $3 Billion Inflows Into Gold Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 02:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4730553-gold-price-reclaims-2750oz-amid-record-3-billion-inflows-into-gold-funds><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever.Year-to-date gains for gold are at ...</p>\n\n<a href=\"https://seekingalpha.com/article/4730553-gold-price-reclaims-2750oz-amid-record-3-billion-inflows-into-gold-funds\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLD","symbol_name":"SPDR黄金ETF","start_time":0,"source_url":"https://seekingalpha.com/article/4730553-gold-price-reclaims-2750oz-amid-record-3-billion-inflows-into-gold-funds","article_id":"2479526544","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1676709634/image_1676709634.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479526544","pubTimestamp":1730226060,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever.Year-to-date gains for gold are at 3","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLD":"SPDR黄金ETF","BK4550":"红杉资本持仓","BK4588":"碎股","BK4504":"桥水持仓","IAUM":"iShares Gold Trust Micro","IAU":"黄金信托ETF(iShares)","SGOL":"abrdn Physical Gold Shares ETF","GLDM":"SPDR Gold MiniShares Trust","BK4570":"地缘局势概念股","BK4535":"淡马锡持仓","BAR":"GraniteShares Gold Trust","AAAU":"Goldman Sachs Physical Gold ETF","BK4585":"ETF&股票定投概念","OUNZ":"Merk黄金信托ETV"},"translate_title":"创纪录的30亿美元流入黄金基金，金价收复2750美元/盎司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAAU":0.9,"BAR":0.9,"GLD":0.9,"GLDM":0.9,"IAU":0.9,"IAUM":0.9,"OUNZ":0.9,"SGOL":0.9},"content_text":"Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever.Year-to-date gains for gold are at 33%, setting the stage for its best year since 1979.Despite a strong US dollar, gold’s rally remains unfazed, with safe-haven appeal outweighing dollar strength amid rising global uncertainties. This trend looks set to continue.   J Studios  By Zain Vawda Gold prices have smashed through the 2750 handle once more following a drop over the weekend. Following the weekend, Gold opened around 2732 before moving higher to within striking distance of the all-time highs. The safe-haven appeal appears to have returned following comments yesterday by Iranian authorities that they have the right to respond to the Israeli response over the weekend. The comments seem to have reignited the appetite of market participants for the precious metal. Gold ETF flows are another reason that could explain the resilience of the precious metal since the weekend. According to data, gold funds received about $3 billion in new investments last week, making it the second-largest increase ever. This is more than three times the usual amount seen in recent weeks. This is continuing a trend which started during the summer months following a brief lull in demand. The ETF and Gold fund flows have helped the precious metal maintain its gains for the year, which stands at around 33% YTD. This leaves the precious metal on course for its best year since 1979 at a time when Central Banks continue to increase their Gold holdings as well. There is a barrage of US data on the docket this week which could affect Gold prices. However, recent data releases have proven that despite a strong US Dollar, the gold rally seems unfazed at present. Safe haven demand appears to be outweighing any sustained US Dollar strength as global uncertainties continue to pile up.    Technical Analysis Gold (XAU/USD) From a technical analysis standpoint, Gold does need a daily candle close above the 2750 handle, which has proved elusive thus far. A daily candle close above 2750 should embolden Gold bulls and facilitate a push toward the $2800 handle and print fresh all-time highs. GOLD (XAU/USD) Daily Chart, October 29, 2024   Source: TradingView  Looking at the H4 chart below, the precious metal has closed above the 2750 handle twice but failed to kick-on. Hence, my thought process that a daily candle close above the psychological handle could assist bulls in pushing prices higher. Immediate resistance rests at the most recent highs around 2758 before the 2775 and 2800 regions come into focus. Conversely, a break back below the 2750 handle has to navigate support at 2738 and 2724 respectively before the chance of a retest of 2700 becomes a possibility. GOLD (XAU/USD) Four-Hour (H4) Chart, October 29, 2024   Source: TradingView  Support  2738 2724 2714  Resistance  2758 2775 2800   Original Post","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data,analysis","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479526544"}