Gold Prices Rise to New Record in Best Day Since April 2020
Gold prices just wrapped up their biggest daily gain since April 2020, when panicked investors were hoarding the precious metal during the Covid market meltdown.
Gold prices just wrapped up their biggest daily gain since April 2020, when panicked investors were hoarding the precious metal during the Covid market meltdown.
- The U.S. dollar fell to a three-year low Friday. - Gold ETFs have benefited from the lower dollar. - Currency ETFs are also reacting positively to the move.
- President Donald Trump announced a 90-day delay on most tariffs. - The S&P 500 had its best day in years on Wednesday. - The rally followed a steep four-day selloff.
The Invesco QQQ Trust (QQQ) experienced outflows of $4.2 billion. Here are the daily ETF fund flows for April 9, 2025.
Allspring Global Investments senior portfolio manager Bryant VanCronkhite sits with Brad Smith on Wealth to discuss how investors can navigate market uncertainty. The portfolio manager suggests focusing on moving capital into companies that will benefit from the eventual acceleration of the lower-end consumers, like those in the homebuilder (XHB) and healthcare (XLV) sectors. To watch more expert insights and analysis on the latest market action, check out more Wealth here.
- Investors are officially on a bear market watch. - The S&P 500 is now knocking on the door of bear market territory. - The Nasdaq-100 closed down more than 20% from its recent high.
- ETFs amassed $296 billion in the first quarter of 2025, setting a new record. - European ETFs saw second-highest inflows ever amid tariff concerns. - Inflation-sensitive assets like gold drew major investment flows.
- Tech and consumer-discretionary sector ETFs fell more than 15% amid tariff announcements. - Defensive sectors like consumer staples, healthcare and utilities gained above 3%. - Performance divide shows investors seeking safe havens as trade policies evolve.
The first quarter of 2025 was the best quarter for gold in nearly 40 years.
The First Trust Utilities AlphaDEX Fund (FXU) pulled in $425.7 million Monday. Here are the daily ETF fund flows for April 1, 2025.