With gold hitting fresh highs today and gold ETFs seeing large trading volumes, Global X’s Senior Product and Investment Strategist, Marc Jocum gives a global market update.
Here are the key points;
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Gold has today (11/4/25) struck a fresh high reaching $US3,241, as it potentially heads towards US$3,500.
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Investors sell-off US Treasuries as they may be losing their safe-haven status despite plunging equities, with demand for gold ETFs set to strike an all-time high on the ASX.
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Investors flocked to gold ETFs yesterday, with Gloabl X’s GOLD (ASX: GOLD) being the third most traded, as investors run to the precious yellow metal.
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Over $1.6 billion was traded in Australian-listed ETFs on Wednesday (9/4/25), exceeding the daily average of around $900,000 and the fifth consecutive day with ETF trading volumes exceeding $1 billion.
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“Global X Physical Gold (ASX: GOLD) was the third-most traded ETF on the Australian share market yesterday, with over $73 million exchanging hands, marking the fifth highest trading day in the ETF’s history,” said Jocum.
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Read the full commentary here; Gold Market Update_GlobalX
