“Smart money” is betting on china! Goldman Sachs: US hedge funds are flooding into Chinese concept stocks, with jd.com and gds holdings being the most favored.
The goldman sachs report shows that usa hedge funds increased their investment in china companies listed in the usa in the third quarter.
Express News | Global largest gold etf--SPDR Gold Trust decreased its holdings by 1.44 tons compared to the previous day, with the current holdings at 870.53 tons.
global gold etf is expected to decrease by 0.809 billion US dollars (12 tons) in the first week of November.
November 12th, Gelunhui | World Gold Council: Global gold etf is expected to decrease by $0.809 billion (12 tons) in the first week of November, with most of the funds outflowing from North America, partially offset by strong inflow of funds from Asia. In addition, comex's net position also decreased by 74 tons, down 8% from the previous week.
Express News | World Gold Council: According to our gold return attribution model (GRAM), the gold price is under pressure from a strengthening US dollar and momentum factors, specifically including gold price lagging, gold etf experiencing fund outflows after an except
Will the BTC etf surpass the gold etf within two months?
Currently, the spot BTC etf traded in the usa is approximately equivalent to 66% of the total assets managed by the gold etf.
The world's largest gold etf experienced its largest single-week fund outflow since 2022.
Gelonghui November 12th | Trump's election victory prompted traders to take profits. Last week, the largest global gold ETF, the SPDR Gold Trust, had an outflow of more than 1 billion US dollars, the largest single-week outflow since July 2022. Spot gold fell by 1.9% during the same period. The total holdings of gold ETFs fell by 0.4%, marking the second consecutive week of decline. Last month, due to the high uncertainty of the US election, investors flocked to safe-haven assets. However, with Trump's victory in crucial battleground states and the Republicans controlling the Senate, investors exited their positions to take profits. Trump's victory also boosted