LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Gold ETF sinks toward longest losing streak in 15 months, even as dollar and Treasury yields slip

Clyde Edgerton by Clyde Edgerton
October 5, 2023
in Markets
Gold ETF sinks toward longest losing streak in 15 months, even as dollar and Treasury yields slip
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Inside Trump’s chainsaw-wielding approach to one corner of government contracting

Trump’s chaotic economy is causing headaches for Democrats in New Jersey's governor race

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

The SPDR Gold ETF
GLD,
-0.25%
slumped 0.3% toward a seven-month low in afternoon trading Thursday, as declines in the U.S. dollar and Treasury yields couldn’t stop the shiny-metal tracker’s slide. The ETF, which tracks gold prices, was headed for a ninth-straight loss, which would be the longest losing streak since the nine-day stretch that ended July 6, 2022, according to Dow Jones Market Data. The ETF has shed 5.6% during its current losing streak, which is the worst nine-day stretch for the ETF since it fell 5.7% over the nine days ended March 21, 2022. The continued selloff comes even as the U.S. Dollar Index
DXY,
-0.33%
fell 0.3% and the yield on the 10-year Treasury note slipped 0.014 percentage points to 4.721%. Gold prices have been falling as the recent spike in Treasury yields to 16-year highs and strength in the dollar have made the metal less attractive. Gold, which doesn’t pay interest, is priced in U.S. dollars, so as the value of the dollar rises, the value of gold per dollar decreases. The gold ETF has lost 0.6% year to date, while S&P 500
SPX,
-0.25%
has rallied 10.45.



Source link

Share30Tweet19
Previous Post

Kia’s EV customers will have access to 12,000 Tesla Superchargers at it adopts North American charging standards

Next Post

Karma reemerges from obscurity, teasing world debut of an entirely new EV portfolio coming in 2024

Clyde Edgerton

Clyde Edgerton

Recommended For You

Inside Trump’s chainsaw-wielding approach to one corner of government contracting
Markets

Inside Trump’s chainsaw-wielding approach to one corner of government contracting

May 25, 2025
Trump’s chaotic economy is causing headaches for Democrats in New Jersey's governor race
Markets

Trump’s chaotic economy is causing headaches for Democrats in New Jersey's governor race

May 14, 2025
Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
Markets

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

May 3, 2025
Dems see Trump as vulnerable on the economy — if they can come up with an alternative
Markets

Dems see Trump as vulnerable on the economy — if they can come up with an alternative

April 30, 2025
Next Post
Karma reemerges from obscurity, teasing world debut of an entirely new EV portfolio coming in 2024

Karma reemerges from obscurity, teasing world debut of an entirely new EV portfolio coming in 2024

Related News

Bitcoin apparent demand reaches lowest point in 2025 — CryptoQuant

Bitcoin apparent demand reaches lowest point in 2025 — CryptoQuant

March 14, 2025
Mechanical vs hydraulic disc brakes on electric bikes: The pros and cons of each

Mechanical vs hydraulic disc brakes on electric bikes: The pros and cons of each

June 1, 2023
Pro-Palestine protestors cause disturbance outside the New York Stock Exchange

Pro-Palestine protestors cause disturbance outside the New York Stock Exchange

October 14, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?