4 Gold Stocks to Watch as Gold ETFs Return to Inflows in May Zacks.com 2 hrs ago
After three straight months of net outflows, gold exchange-traded funds (ETFs) witnessed net monthly inflows in May and were at the highest levels since September 2020. This improvement can be attributed to ongoing inflation concerns, a weaker dollar and lower real yields, which made investors return to gold-backed ETFs.
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Per the latest report by the World Gold Council, gold ETFs saw inflows of 61.3 tons or $3.4 billion in May. This was the highest since the September 2020 inflows of 68.1 tons or $4.6 billion. Globally, gold-backed ETF assets under management stood at 3,628 tons ($222 billion) falling 7% behind the October 2020 high of 3,908 tons.
The fertilizer industry is riding on solid market fundamentals underpinned by strong global demand and prices for crop nutrients. The underlying strength of the agricultural market, rising crop commodity prices and healthy farm economics are driving demand for fertilizers globally. Demand for fertilizers is also backed by the need to grow the production of grains to address rising consumption. Moreover, the constant need of growers to nourish.
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