Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.
Platinum rises as much as 3.5% SPDR Gold holdings hit lowest since April 2020 (Adds comments, updates prices)
March 9 (Reuters) - Gold rose nearly 2% on Tuesday, as it gained respite from a retreat in U.S. Treasury yields and the dollar following a slide to a nine-month low in the last session.
Spot gold rose 1.5% to $1,706.01 per ounce by 1308 GMT, having earlier risen as much as 1.8% to $1,711.16.
U.S. gold futures climbed 1.4% to $1,701.80.
“Given the metal’s zero-yielding nature, falling yields may provide a tailwind for bulls to elevate prices higher,” said Lukman Otunuga, senior research analyst at FXTM.
But while gold may extend gains near term, “fundamentally, the pendulum swings in favour of bears especially when factoring in how global sentiment is improving on vaccine rollouts and COVID-19 cases are falling globally.”
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FILE PHOTO: A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. REUTERS/Brendan McDermid
(Reuters) - U.S.-based stock funds in the week ended Wednesday posted $3.3 billion outflows, according to Lipper.
U.S. taxable bond funds attracted $8.2 billion, the 11th straight weekly inflow and money market funds drew $23.6 billion, the largest inflow since May, Lipper data published late Thursday showed.
U.S. municipal bond funds shed $605 million, the first outflow since November.
Reporting by Alden Bentley; Editing by Toby Chopra
CBOE global markets is seeking approval from the U.S. Securities and Exchange Commission (SEC) to list a bitcoin Exchange Traded Fund (ETF), according to a filing, the latest attempt to launch such a product in the United States.