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Here are 2 new ways to bet on gold

Uncertainty in the markets drove up the price of gold during the first quarter of 2016, posting its biggest gain since 1986.

With gold prices on an upward trend, many investors are wondering whether now is the time to buy the precious metal or focus on equities. Greg King, CEO of Rex Shares, says investors no longer have to choose between the two options. There's a new way to bet on gold's next move.

Two funds launched this week, the REX Gold Hedged S&P 500 ETF (GHS) and the REX Gold Hedged FTSE Emerging Markets ETF (GHE), are unique concepts for the U.S. ETF market. Both funds diversify an investor’s portfolio through exposure to gold, without reducing equity allocations.

“The new funds give investors a different way to access gold that has never been done in the U.S. market before,” Greg King, CEO of Rex Shares, told Yahoo Finance’s Seana Smith in the video above. “Traditionally there was this misconception that in order to get access to gold in ETF portfolios, you needed to sell out of stocks or bonds to get that allocation. What our fund does for the first time is allow you to stay long stocks while getting exposed to gold through gold futures. “

GHE is benchmarked against the FTSE Emerging Gold Overlay Index, and GHS is benchmarked against the S&P 500 Dynamic Gold Hedged Index.

According to King, speculation of a challenging upcoming earnings season and uncertainty over the Fed’s rate hike timeline make gold-hedged ETFs a timely and attractive investment play.