Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
SPDR Gold Shares (GLD) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SPDR Gold Shares (GLD) - free report >>
Image: Bigstock
Why Gold ETFs Are Shining Bright Amid Coronavirus Crisis
In this episode of ETF Spotlight, I speak withJoseph Cavatoni, Head of Americas at the World Gold Council, about gold and gold ETFs.
Gold is up more than 12% this year and is currently trading at its highest level in about eight years, whereas the S&P 500 ETF (SPY - Free Report) is down about 15%. Coronavirus related worries, record low interest rates, oil’s collapse, and massive monetary and fiscal stimulus being launched all over the world are boosting the precious metal’s appeal.
Bank of America recently raised its 18-month gold-price target to $3,000 an ounce, in a report titled “The Fed can’t print gold.” Popular gold ETFs have seen record inflows in past few weeks. Why is investor appetite for gold ETFs soaring?
The World Gold Council has partnered with State Street on 3 gold ETFs including the most popular gold ETF—the SPDR Gold Shares (GLD - Free Report) . Last year, they launched the SPDR Gold MiniShares Trust GLDM, one of the cheapest gold ETFs. How should investors choose between GLD and GLDM?
What is the role of gold in a diversified portfolio? How much gold should investors own? Should the allocation to gold include gold miners too which are leveraged plays on gold. The most popular gold mining ETF—the VanEck Vectors Gold Miners ETF (GDX - Free Report) has gained over 15% year-to-date. Tune into the podcast to learn more.
Make sure to be on the lookout for the next edition of ETF Spotlight and also make sure to subscribe! If you have any comments or questions, please email podcast@zacks.com.
[In full disclosure, Neena owns shares of GLDM in the ETF Investor Portfolio.]
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>