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‘Insurance policy was being cashed in’ during Iran war gold liquidations, but demand remains strong – HSBC’s Steel
While the Iran conflict has rocked the commodity sector, with oil prices spiking as gold prices have slid lower, demand for the yellow metal has remained strong and it has performed exactly as it should under the circumstances, according to James Steel, Chief Precious Metals Analyst at HSBC. “The demand has been good out of China,” Steel said. “The Shanghai Gold Exchange premium – the difference between the domestic price in China and the global price – is around $20, indicating strong domestic demand in China, which is mostly on the institutional side. It's interesting; it's less on jewelry and coins and ... (full story)
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From finance.yahoo.com | May 15, 2026
Demand for gold ETFs has slowed sharply in the US this year, but flows elsewhere paint a very different picture, according to data from the World Gold Council. US-listed gold ETFs have seen $1.7 billion of net outflows year-to-date, a notable reversal from 2025, when American investors poured almost $50 billion into the category. That accounted for more ...
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