|Bid||15.75 x 1100|
|Ask||18.24 x 900|
|Day's Range||16.56 - 16.96|
|52 Week Range||9.95 - 17.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.60%|
Gold, like other commodities, is often denominated in U.S. dollars. This means investors buying ETFs such as the SPDR Gold MiniShares (GLDM) and SPDR Gold Shares (GLD) typically want the greenback to weaken. Gold has long been used as a safe haven asset, particularly when the value of the dollar declines or investors fear market volatility and uncertainty, like in the case of a tariff war.
Investors who are delving into gold should consider an ETF strategy that provides exposure to royalty and streaming companies, or the “smart money” of the space. On the recent webcast, Hedging Against Volatility: Should You Consider Gold?, Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, and Robert Moriarty, Founder of 321Gold.com, looked to gold exposure as a way to better manage portfolio risk. Gold is more than an alternative asset.
For instance, the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) may be a smarter way for investors to capture the gold mining space. The U.S. Global GO GOLD and Precious Metal Miners ETF is a smart beta offering that tracks a specialized or rules-based index to help hone in on quality players in the gold mining space. The underlying U.S. Global GO GOLD and Precious Metal Miners Index uses quantitative analysis to pick stocks, with a particular focus on royalty companies.
Gold miner stocks and sector-related ETFs strengthened Monday as gold prices climbed to a more-than-one-week high on a weakening U.S. dollar in response to data showing U.S. wage growth slowed last month. ...
Industry consolidation, lower interest rates and the weaker dollar are among the factors propelling gold miners and the related ETFs higher this year. The U.S. Global GO GOLD and Precious Metal Miners ...
Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.
When stocks swooned in the fourth quarter, finding equity-based ETFs that were rising was a difficult task. On that note, gold miners ETFs, such as the VanEck Vectors Gold Miners ETF (NYSEArca: GDX) and ...
On the recent webcast, Stock Market Fears Shine a Light on Gold, Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, highlighted two major trends that could support the gold outlook, including the "fear" trade and the "love" trade. On the so-called love side, we are seeing increased demand from international buyers, notably emerging market consumers in the quickly growing China and India markets, which make up 40% of the world's population. Holmes pointed out that based on GDP on purchasing power parity valuation, China's economy is actually the biggest in the world at $25.2 trillion, compared to the U.S.'s GDP on purchasing power parity valuation of $20.4 trillion.
Gold and related exchange traded funds are among the few areas that investors found refuge in as U.S. equities suffered through their worst Christmas Eve ever. On Monday, the SPDR Gold Shares (NYSEArca: ...
Gold ETFs were testing their long-term support as bullion prices retreated Friday in response to a strengthening U.S. dollar. The SPDR Gold Shares (GLD) fell 0.5% Friday, with Comex gold futures down 0.8% to $1,257.4 per ounce, and was testing its long-term support at the 200-day simple moving average after breaking above the trend line in the previous session. Gold futures weakened from a six-month high Friday but was on pace to finish the week higher in response to safe-haven demand in a volatile equity market.