Gold Miner ETF (SGDM) Hits New 52-Week High
For investors seeking momentum, Sprott Gold Miners ETF SGDM is probably on the radar. The fund just hit a 52-week high and has moved up 49% from its 52-week low of $23.18 per share.
Fund Flows & Central Banks Driving Gold Prices
Gold prices have pushed higher within the past year, with much thanks going to retail investors seeking safe haven assets. But this year is a bit different.
Forecasts From Investment Banks Support Ongoing Gold Rally
Investors who missed the 2024 gold rally haven't been left in the dust. Investment banks are forecasting more bullish momentum for the precious metal amid market uncertainty.
Investors Reap Portfolio Benefits of Gold Amid Tariff Threats
Tariff threats continue to remain as a market wild card, but that's feeding into more demand for gold. Investors are reaping the benefits of gold as a portfolio diversifier and hedge against market uncertainty.
Threat of Tariffs Is Driving Gains for Gold
The threat of tariffs could be pushing more investors toward gold. President Trump's recent tariffs on Canada and Mexico could spark additional demand for the precious metal.
Gold Holds Steady Despite Erratic Economy
Persistent inflation amid a strong economy could force the U.S. Federal Reserve to pivot from its rate-cutting agenda. Despite the erratic nature of the broad economy, gold has been holding steady.
History Shows Gold Could Repeat Its 2024 Rally
Heading into the new year, the capital markets might be positing whether gold can repeat its 2024 performance. According to Citi analysts, recent history shows that it can.
SGDM: Buying The Gold Miner Dip
SGDM has lagged behind peers like RING and GDX but shows potential for outperformance due to active management and smaller cap allocations. Despite recent underperformance, I believe dips in gold miners are buy opportunities, driven by increased production and strong demand from central banks and investors. Technically, SGDM's recovery above the 50-day MA and RSI-14 above 50 indicate bullish sentiment, making it a strong buy on both technicals and fundamentals.
Rising Russia-Ukraine Tensions Reinvigorates Gold Prices
The U.S. post-election rally is dissipating quickly, giving way to more upside for gold. In particular, increasing tensions between Russia and Ukraine is spurring a flight to safe haven assets and reinvigorating gold prices again.
Rising U.S. Debt and Yields Keep Gold Bullish
Gold continues to surge and rising debt levels in the U.S. and elevated yields should help keep the precious metal bullish. Gold prices are already up over 30% for the year and could keep climbing.
Mixed Economic Data Maintains Bullish Case for Gold
Economic data could put the Federal Reserve in a state of flux as it decides to cut interest rates while still receiving data that the economy is running hot. In the meantime, this maintains the bullish case for gold.
Rise to $3,000 for Gold ‘Only a Matter of Time'
Gold is continuing its climb, breaching the $2,600 mark recently. It looks well on its way past $2,700.
