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A “strange” signal is emerging in the gold market

Gold-backed ETFs worldwide drew in 67.3 tonnes of gold, nearly $10 billion, in September, pushing third-quarter inflows to a record $31 billion, according to the World Gold Council (WGC). The unusual point is that money kept flowing in even as the Fed raised rates by 25 basis points and both Treasury yields and the dollar rose, factors that typically pressure gold. North America reversed after outflows in the first half, taking in $11.7 billion in the third quarter and bringing year-to-date flows back to about $4.1 billion, while Asia posted its third consecutive month of inflows, led by China. The WGC says the 10-year US Treasury yield staying above 5% remains the biggest variable for gold, and that demand may be more durable than a one-off reaction.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Một tín hiệu "lạ" đang diễn ra trên thị trường vàng

Read the original on CafeF ↗

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Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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