Geopolitical conflicts trigger a safe-haven frenzy: global gold ETFs attract $6.2 billion in a single week

汇通财经2026/03/04 02:22

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

(1) As the geopolitical conflict between the US and Iran continues to escalate, global investors are frantically pouring into gold ETFs. The latest data shows that weekly inflows into gold ETFs have reached $6.2 billions, marking the third consecutive week of net inflows. So far this year, the annualized inflow into gold funds has reached $148 billions, far surpassing last year's record of $101 billions. This wave of risk aversion stems from the direct threat that Middle East conflicts pose to global economic stability. By investing in gold ETFs, investors can hedge against inflation and uncertainty without bearing the storage costs of physical gold. Against the backdrop of expanding money supply and US Treasury debt soaring to $38 trillions, gold is seen as the ultimate tool for preserving value.(2) Asia, as the world's largest gold consumption market, is leading this round of risk aversion. Local investors have made gold ETFs their preferred hedging tool. Experts recommend allocating 10%-15% of precious metal ETFs in investment portfolios, with a focus on gold to enhance stability. In the first two months of this year, gold prices have far outperformed the stock market: after surging 64% last year, gold has risen another 18% so far this year, while the S&P 500 index has only gained 1%. Analysts believe gold is effectively hedging against soaring government spending, massive deficits, and economic uncertainty. Compared to physical gold, gold ETFs with high liquidity and low costs have become the top choice for most investors.(3) Legendary hedge fund manager Ray Dalio recommends allocating up to 15% in gold. However, experts also advise maintaining rationality: over the past 30 years, the annualized return of gold has been about 8%, lower than the S&P 500's 10.7%. Diversification remains key, and a 15% allocation to gold can provide protection in the current environment.(4) The head of market analysis at StoneX points out that although multiple factors are supporting gold and silver prices, both metals are currently in an overbought state and may need to correct in the short term. Currently, gold's RSI is close to 70, at the top of its upward channel. She emphasizes that investors should be wary of short-term volatility but not overly panic; unless the conflict escalates further, the market will enter a consolidation phase.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

October 7 - SpaceX (SPCX.O) shares fell 1.8% in premarket trading to $168.9. According to the Financial Times, citing people familiar with the matter, the company plans to raise $40 billions to acquire Nvidia (NVDA.O) AI chips. The Financial Times reports that the proposed financing, led by Apollo Global Management (APO.N), includes around $10 billions in bank loans and $30 billions in investment-grade bonds to pay for the chip orders. This move by Elon Musk's company underscores the enormous capital required amid the AI boom, as tech companies race to expand their computing infrastructure. SpaceX, Apollo Global Management, and Nvidia have yet to respond to Reuters' requests for comment. Out of 41 brokerages, 32 have a "Buy" or higher rating on the stock, 6 rate it "Hold," and 3 as "Sell" or lower; the median target price is $217, according to data compiled by London Stock Exchange Group (LSEG). As of the previous trading session close, SPCX shares have risen 27.3% from their IPO price of $135.

路透社•2026/10/07 08:51

BUZZ - Constellation Brands shares fall after lowering profit margin expectations

October 7 - Constellation Brands (STZ.N) shares fell nearly 5% in pre-market trading to $110.11. The Corona beer maker lowered its full-year operating margin forecast to 31%-32% from the previous 32%-33%. The company reported Q2 profit and sales on Tuesday that exceeded expectations, driven by strong demand for beers such as Modelo Especial and Victoria, which helped offset challenges in the alcohol sector amid weak consumption. JPMorgan stated that Q2 FY2027 financial results were largely in line with expectations; market focus may turn to management's outlook for H2 FY2027 beer business revenue and operating margins, and the implications for FY2028. The company will pay $75 million to acquire the vodka-based ready-to-drink (RTD) brand SpikedAde upon transaction completion, with up to a further $278 million over five years depending on brand performance and capital allocation priorities. “Although the brand and category are still nascent, the acquisition of SpikedAde could hold significant potential,” said JPMorgan. As of yesterday's close, the stock is down 16% year to date.

路透社•2026/10/07 08:51

Advanced Micro Devices CEO Reportedly Seeks Samsung Partnership, Meets Korean Executives

04:37 AM EDT, 10/07/2026 (MT Newswires) -- Advanced Micro Devices (AMD) is pursuing a collaboration with Samsung Electronics in memory and chip manufacturing, multiple outlets reported Wednesday, citing Chief Executive Lisa Su and an unnamed person familiar with the matter. Su reportedly held talks with SK Hynix (SKHY) leadership and scheduled a meeting with Samsung semiconductor head Jun Young-hyun during a trip to South Korea, the reports said. The company depends heavily on South Korean suppliers to reach its data center targets and is encouraging manufacturers to improve output, Reuters quoted Su as saying. AMD, Samsung Electronics, and SK Hynix did not immediately respond to MT Newswires' request for comment.

MT newswire•2026/10/07 08:37