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Poor jobs report lends support to gold

Publicerad

11 år sedan

den

5 oktober, 2015

Redaktionen

Commodity ETP Weekly – Poor jobs report lends support to gold

• Gold ETPs saw net inflows of US$5.5mn ahead of the release of the jobs report.
• Platinum group metals diverge.
• WTI oil ETPs receive inflows, while Brent see outflows.
• ETFS Daily Short Copper (SCOP) saw outflows of US$5.3mn as investors cut their bearish bets.
• ETF Securities will be hosting a Q4 update on the 8 October to look at trends for commodities, equities and currencies

The week ended with a disappointing US labour market report, which has pushed out expectations for the Federal Reserve’s rate increase even further. Gold responded positively as investors favour the hard monetary asset against the US dollar, a currency they feel is being debased the longer the policy setting remains ultra-low. This week’s Fed meeting minutes could offer more clues as to when the central will likely raise rates.

Gold ETPs saw net inflows of US$5.5mn ahead of the release of the jobs report. That marked the third consecutive week of gold inflows. While significantly below the inflows of US$16.6mn and US$40.9mn in the prior two weeks, turnover was markedly high. Both large creations and large redemptions were made in the week highlighting the polarized views held by investors. Some investors are encouraged by increasing Chinese gold imports and seasonal demand in India. Other investors viewed the Federal Reserve’s commitment to raise rates this year as a gold-negative development and continued to pare their holdings. We don’t think that a single labour market report will change the timing of the Fed’s decision to raise rates (which we believe will happen in December), but further pronounced data weakness could sway the central bank’s mind.

Platinum group metals diverge. Palladium gained 1.4% last week while platinum lost 2.9%. In the wake of the scandal at Volkswagen, many investors feel that there will be a consumer backlash against diesel cars, favouring their gasoline counterparts. Diesel cars use more platinum in their autocatalysts where as gasoline cars use more palladium. The scandal epitomizes a trend already in place. With tighter emissions regulations in Europe, targeting nitrogen oxide (NOx), as well as carbon monoxide (CO), platinum was already losing favour. Platinum, while very effective at converting CO to less harmful gases, is not quite as good at converting NOx. Palladium is better at removing NOx, encouraging higher loading of the metal in autocatalysts. Platinum ETPs saw US$11.3mn of outflows. Palladium also saw outflows as investors took profit.

WTI oil ETPs receive inflows, while Brent see outflows. Breaking a 14-week streak, Brent oil ETPs saw outflows last week after the price of the benchmark lost 1.0%. WTI sustained a more moderate decline, dropping just 0.4%. WTI oil ETPs saw inflows after a two-week break. Weak oil prices are driving cuts to upstream oil investment and spurring an increase in demand. An output glut will take time to work though, but the path to supply/demand balance could see the oil benchmarks reach the US$60-70/bbl range in the latter half of 2016.

ETFS Daily Short Copper (SCOP) saw outflows of US$5.3mn as investors cut their bearish bets. Copper gained 0.9% last week as the prospects for supply tightening gathers pace. Major miners such as Glencore have indicated their intention to cut production and we could end up in the sixth consecutive year of a supply deficit if the trend continues.

Key events to watch this week. Investors will be poring over the FOMC meeting minute for further clues as to which committee members are becoming more hawkish. Any sign that the central bank is eager to hit the trigger sooner than December could hurt gold prices.

Video Presentation

Nitesh Shah, Research Analyst at ETF Securities provides an analysis of last week’s performance, flow and trading activity in commodity exchange traded products and a look at the week ahead.

For more information contact

ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com

Important Information

General

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority.

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iShares Space Technologies UCITS ETF investera bortom jorden

Publicerad

19 timmar sedan

den

12 juni, 2026

Redaktionen

iShares Space Technologies UCITS ETF

Ticker: STAR, ST4R (Kortnamn kan variera beroende på lokala noteringar)

TER: 0,50 %

ISIN: IE000A9G9R73

Jämförelseindex: STOXX Global Space Satellites and Drones Index

Rymdindustrin befinner sig i en brytpunkt, då tillgången till rymdindustrin skiftar från rent statligt ledda program till en bredare blandning av myndigheter och välkapitaliserade offentliga och privata aktörer.

iShares Space Technologies UCITS ETF (ST4R) fångar hela värdekedjan i denna expanderande rymdekonomi, inklusive snabbare börsintroduktioner, från uppskjutningsleverantörer och återanvändbara tekniker som sänker kostnaden för tillgång till omloppsbana, till satellitoperatörer och de efterföljande tillämpningar som är beroende av rymdbaserad infrastruktur.

Varför ST4R?

Ren tematisk exponering

ST4R investerar i företag som genererar minst 25 % av intäkterna från rymd-, drönar- eller satellitverksamhet, vilket säkerställer en tydlig tematisk anpassning*.

Positionera investeringar i centrum för Artemis-erans ekosystem

ST4R fångar upp företag som drar nytta av den expanderande rymdekonomin, understödd av statliga program, försvarsutgifter och accelererande privata investeringar*.

Snabbspår för ledare

Indexet inkluderar ett snabbspår för börsintroduktion, vilket gör det möjligt att lägga till kvalificerade företag genom ad hoc- eller extraordinära ombalanseringar efter notering.

Handla ST4R ETF

iShares Space Technologies UCITS ETF är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

HÄMTA FONDINFORMATION >

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JIPD ETF delar ut månadsvis

Publicerad

20 timmar sedan

den

12 juni, 2026

Redaktionen

JPM US Equity Premium Income Active UCITS ETF EUR Dist (JIPD ETF) med ISIN IE000RE0SQM6, är en aktivt förvaltad börshandlad fond (ETF). Delfondens mål är att generera inkomst och långsiktig kapitaltillväxt. Delfonden strävar efter att

(i) investera i en portfölj av aktier som huvudsakligen består av företag som har sitt säte i, eller bedriver huvuddelen av sin ekonomiska verksamhet i, USA, och
(ii) sälja aktieköpoptioner och/eller aktieindexköpoptioner för att generera inkomst genom tillhörande utdelningar och optionspremier.

Den börshandlade fondens totala kostnadskvot (TER) uppgår till 0,35 % per år. Utdelningarna i ETFen delas ut till andelsägarna månadsvis.

JPM US Equity Premium Income Active UCITS ETF EUR Dist är en mycket liten ETF med 25 miljon euro i förvaltat kapital. ETFen lanserades den 6 november 2025 och har sitt säte i Irland. Denna ETF använder sig av fysisk replikering. Den börshandlade fonden använder sig av fysisk replikering.

Handla JIPD ETF

JPM US Equity Premium Income Active UCITS ETF EUR Dist (JIPD ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
Xetra	EUR	JIPD
Borsa Italiana S.P.A.	EUR	JIPD

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Quantum computers can’t break bitcoin. Yet.

Publicerad

21 timmar sedan

den

12 juni, 2026

Redaktionen

21Shares have published a new report examining what the quantum threat actually looks like for digital assets, including the timeline, the potential exposure, the prep required, and what this all might mean for asset allocators.

The exposure is larger than most appreciate. Between 4 million and 6.9 million bitcoin have permanently visible account numbers, aka public addresses and public keys, making them vulnerable to a quantum attack. Nearly every active Ethereum account and every Solana account face the same structural exposure.

The timeline shifted in March. On March 31, Google’s quantum team, alongside researchers from the Ethereum Foundation and Stanford, published findings showing the computing power needed to break this encryption is around 20x lower than the field previously believed.

You can’t prepare adequately for a quantum break if you determine that one is six months or a year ahead. You have to act before there’s a real perceived risk – but by definition that means sounding the alarm ’too early’.

The good news is that network preparation is further along than most investors realize. Bitcoin took its first step in Feb 2026 with the merger of BIP-360, a quantum-resistant address proposal. Ethereum has working code and ten independent teams building toward network migration. Solana has a path most observers have missed entirely.

The window is narrowing, but it hasn’t closed. Download full report

Follow for more quantum content.

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Each month the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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