Go For Gold: 2 Gold ETFs To Beat Volatility
Gold has surged to a record high of $3,000 per troy ounce as tariff fears, inflation, and slower economic growth boost demand for the safe-haven asset. Demand for the precious metal has exploded since Donald Trump took office in January, rising +15.6% YTD while also pushed higher by expected interest rate cuts. Investing in gold ETFs can help investors diversify their portfolios while hedging against inflation, rotating into a safe-haven asset class, and reducing portfolio volatility.
GLDM: A Convenient Way To Gain Exposure To Gold
Investing in gold ETFs like SPDR Gold MiniShares Trust offers convenient gold exposure without the hassle of physical storage but carries third-party risk. GLDM has a low expense ratio of 0.10%, closely tracks gold prices, and provides good liquidity, facilitating ease of access. While ETFs offer ease of trading, I prefer physical gold and top quality gold miners for potentially higher leveraged returns despite the inherent risks.
Gold ETF (GLDM) Hits New 52-Week High
For investors seeking momentum, SPDR Gold MiniShares Trust GLDM is probably on the radar. The fund just hit a 52-week high and moved up 42% from its 52-week low of $39.35 per share.
Copper-Gold Co.s Both Rated Strong Buys Ahead of Merger
Source: Clive Maund 06/26/2024
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Phoenix Copper hits early signs of gold from Navarre drilling
Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) has reported good gold indications from exploratory drilling on its huge acreage at Navarre Creek in Idaho. Four areas were targeted with intercepts at two said to be “of significance”.
