For investors seeking momentum, VanEck Merk Gold Trust OUNZ is probably on the radar. The fund just hit a 52-week high and is up 41.7% from its 52-week low of $19.19 per share.
Leading up to Election Day, gold was one of 2024's best-performing assets. It was even beating stocks.
Gold is one of this year's best-performing assets. That fact is highlighted by various ETFs holding the yellow metal.
Gold and the related exchange traded funds are among this year's best-performing assets, helped in part by expectations and delivery of interest rate cuts by the Federal Reserve, but the extent to which bullion is outperforming is something to behold. Take the case of the VanEck Merck Gold Trust (OUNZ).
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Investors seeking to diversify equity-heavy portfolios have been largely disappointed by bonds this year. Still, commodities have picked up much of that slack.
Equities — particularly those of the AI variety — are garnering most of the headlines and praise this year. But gold is putting together an impressive showing in its own right.
Scarcity has long been a supporting factor in the gold investment thesis. The exact extent to which bullion supply is limited is difficult to quantify.