Sat, Mar 18, 2023 7:05 PM
FPIs are net sellers this week due to concerns about the bank contagion
A Flip by Gaurav
Gold prices rose on Friday and were poised for a fifth straight weekly gain as investors flocked towards the safe-haven asset as the escalating tensions between Iran and Israel fuelled fears of a wider regional conflict. Spot gold was up 0.3% at $2,385.22 per ounce, as of 0902 GMT, after hitting the session’s high of $2,417.59. Prices hit an all-time high of $2,431.29 last week.
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LONDON (Reuters) - Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America's weekly report that cites fund flows and asset allocation from data provider EPFR, while U.S. stocks suffered their second week of outflows.The $4.1 billion pulled from U.S. equities in the latest week meant that U.S. stocks suffered their largest two-week.
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