GJ Town India

  The US dollar’s fate remains key for gold investment!   In the recently published, Q3 2025- Gold Demand Trends by World Gold Council [WGC] presented the Outlook for gold Investment 2025. According to the Outlook, the fate of the US dollar remains key for investment decisions, under headlines such as, debasement and de-dollarisation.    There is some disagreement about how readily these apply; our view is that the reality is more subtle. A weaker dollar during the first nine months of 2025 is largely pinned on hedging activity. US assets may have lost some of their exceptionalism but they remain core to most global portfolios. Hedging will just put the onus on them working a little harder for investors, and a marginal shift into less crowded assets is prudent portfolio management.    Anticipated US policy rate cuts are another key pillar for investors. While the opportunity cost motive remains important, the potential consequences of lower rat...

First time Asia led global gold ETF demand in October’24   Recently World Gold Council (WGC) released Gold ETF Commentary, North America inflows go four-for-four! In the October in review report said, Global physically backed gold ETFs extended their inflow streak to six months, adding US$4.3bn during October.   Continued inflows and the record-shattering gold price lifted global Assets Under Management (AUM) a further 5% to another month-end record of US$286bn. Meanwhile, collective holdings rose 43t to 3,244t. North America once again led global inflows while Europe remained the only region with outflows. Y-t-d global gold ETF demand – led by Asia – has turned positive (+18t) for the first time this year. And so far in 2024, inflows into global gold ETFs have reached US$4.7bn. Supported by recent inflows and the rocketing gold price, total assets under management (AUM) have soared by 33%. All regions other than Europe have experienced inflows ytd.    Asian ...