The price of gold has rallied over the summer months, seeing its third straight month of gains in July. Driving the price gains are a dovish Federal Reserve, central banks buying record amounts of the yellow metal and the continued U.S.-China trade war stirring up geopolitical tension. Zacks’ Sweta Killa writes that “gold is considered a great store of value and hedge against market turmoil” and recommends in an article several ETFs and stocks that investors could buy to gain exposure to the gold market.
One of those ETFs is the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), which had a year-to-date return of 41.21 percent as of August 7. Two of the three gold mining stocks recommended in the article – Kinross Gold Corp and Harmony Gold Mining Company Ltd– were both held in GOAU as of August 7.
Read the full article on Zacks.com, “How to Bet on Gold Surge With ETFs & Stocks.”
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The expense ratio is 0.60%.
View GOAU top 10 holdings by clicking here.
U.S. Global Investors has authored and is responsible for the summary on this page. All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.