In The News

Gold Mining ETFs Were Hot in Early 2019: Will This Continue?

from Zacks

The Fed has put a pause on interest rate hikes this year, which could raise the appeal of gold as an asset class. Sweta Killa writes on Zacks that “lower interest rates will continue to weigh on the dollar against the basket of currencies, raising the yellow metal’s attractiveness as it does not pay interest like fixed-income assets.” The article also mentions the World Gold Council’s research that global gold demand grew 4 percent in 2018. Could this trend continue throughout 2019?

The article features five gold mining ETFs that have delivered double-digit returns so far this year. One of those ETFs is the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), which was up 13.5 percent for 2019 as of February 22.

Read the full article, “Gold Mining ETFs are Hot Now: Will This Continue?,” on zacks.com.

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%.

Past performance does not guarantee future results. Please click here for standardized performance.

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.