Florida governor blasts proposed 9.5% property-tax hike Florida Governor Ron DeSantis has criticized New York City Mayor Zohran Mamdani's tax agenda, arguing that raising taxes on property owners will not solve the city's affordability crisis. The proposed 9.5% pro
Gold futures hold firm as sustained buying by China’s central bank limits downside risks for the metal. Gold futures rose modestly Friday, extending weekly gains above $4,700 per ounce. Analysts cite persistent demand from central banks, particularly the People’s Bank of C
April marked the eleventh straight month of inflows into Indian gold ETFs, rising 68% from March as demand rebounds globally. Indian gold ETFs recorded net inflows of $297.2 million in April, a 68% increase from March’s $176.6 million. The streak of inflows now extends to
Geopolitical tensions escalate as Iran targets US destroyers in the Strait of Hormuz, prompting retaliatory strikes on three Iranian ports. Three US Navy destroyers transited the Strait of Hormuz when Iran launched missiles, drones, and small boats in an attack. The US res
JPMorgan analysts cite rising Bitcoin ETF inflows and institutional demand as gold ETFs struggle to recover from outflows. JPMorgan analysts stated Bitcoin is replacing gold as the preferred debasement hedge following the U.S.-Iran conflict. Bitcoin ETFs have seen consiste
XAU/USD holds below a two-week high after US payrolls beat forecasts but wage growth misses estimates, while Middle East risks persist. Gold prices remained firm around $4,726 on Friday, lacking clear direction as traders parsed mixed US employment data and ongoing geopoli
PBoC added 8.1 tons in April, the largest purchase since December, as central bank demand remains robust with 245 tons bought in Q1. China’s central bank increased its gold reserves by 8.1 tons in April, marking the 18th consecutive month of purchases and the largest addit
ING strategists Ewa Manthey and Warren Patterson report that Gold is edging higher, supported by ongoing central bank demand and geopolitical risks. They emphasize sustained buying from China’s central bank, which continues to diversify reserves away from US Treasuries, al
Gold futures exhibit a modest bullish bias with a score of +3.0 out of 10, requiring confirmation above $4,775 to strengthen the case. Gold futures are displaying a mild bullish recovery today, with technical analysis indicating improved value acceptance following the May
Traders await April US employment figures and Iran deal developments, capping gold price movements below $4,700. Gold (XAU/USD) trades near $4,685 in early Asian trading, as investors hold positions before key US economic data. The April jobs report, due later Friday, is e