Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Gold Stock ETF GDX Gains as Precious Metal Safe Haven Hopes Return
Gold mining stocks bounced back today as investors rediscovered the precious metal’s status as a safe haven during times of turmoil.
Claim 30% Off TipRanks Premium
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential
The VanEck Gold Miners ETF (GDX) was up 3.29% today with major holdings Agnico Eagle Mines (AEM) up 2.38%, Newmont Mining (NEM) up 2.55%, and Wheaton Precious Metals (WPM) up 4.43%.
The spot gold price was up 3% to $4,514.92
The gold price has been a loser in the current military and energy conflict between the U.S., Israel and Iran. A rising oil price has brought with it the fear of inflation and the prospect of higher interest rates to combat that concern.
Gold tends to do better in times of low interest rates, which had been expected to be the path taken by leading central banks this year before the conflict started. Those factors are still very much in place despite some talk from President Trump that peace negotiations with Iran are progressing well.
What is interesting then is the rise of gold today. This has prompted some analysts to suggest that the precious metal’s tradition as a safe haven is finally winning out over these inflation concerns.
Despite Trump’s hopes, the conflict has the potential to become murkier, with the possibility of U.S. boots on the ground in Iran. That could make gold look even more attractive in the days ahead.
What are the Best Gold ETFs to Buy Now?
We have rounded up the best gold ETFs to buy now using our TipRanks comparison tool. As can be seen below, the SPDR Gold MiniShares Trust (GLDM) has the best one-year return of 50%.
Disclaimer & DisclosureReport an Issue