A Gold ETF To Leverage Record Highs

GoldThe gold investment market has grown at a phenomenal rate in 2020, thanks to the resilience of gold prices in the face of a weakening economy. For investors looking to leverage the record highs, an ETF (Exchange Traded Fund) is the most cost-effective option. SPDR Gold Shares (NYSE: GLD) is one of the most reliable funds with a low expense ratio.

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SPDR Gold Shares has tracked with a 52-week range of $136.12 to $194.45. Growth was made possible by a surge in gold prices this year. Prices are likely to remain high, according to analysts. With an uncertain global economy and a recovery that is likely to take up to five years, this metal is one of the safest assets available today. This fund has a low expense ratio of 0.40%, which compares favorably to the market average of 0.65% for gold ETFs.

UBS Group, a multinational investment bank based in Switzerland, has predicted that gold will increase to as much as $2,100 per ounce by next year. It is currently priced at $1,859 per ounce, compared to its 52-week low of $1496.90.

This funds don’t offer dividends. The potential is all in the growth. Investors looking for a safe haven during the wider market volatility can consider the SPDR Gold Shares ETF this month.

Key Data:

  • Net Expense Ratio: 40%
  • Total Net Assets: $78.73B
  • 52-Week Peak: $194.45

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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