Latest news with #SPDRGoldTrustETF
Yahoo
13-06-2025
- Business
- Yahoo
Israel's Strikes on Iran Boost Safe Haven ETF Demand
The tensions in the Middle East escalated after Israel launched a wave of airstrikes on Iran, triggering a sharp sell-off across global markets. Iran is preparing to retaliate as it has launched around 100 drones toward Israel, raising fears of a broader regional conflict. Markets reacted swiftly to the news, with the three major gauges plunging more than 1% in pre-market trade today. Meanwhile, the U.S. dollar, Japanese yen and Swiss franc all strengthened, while crude prices spiked sharply amid fears of potential supply disruptions. Gold surged to its highest level since early May and U.S. Treasury price also rose. Investors are flocking to safe-haven bids, which offer protection in times of heightened such a backdrop, we have highlighted five safe-haven ETFs that investors should add to their portfolio, especially if Middle East tensions continue to escalate. These products will likely benefit from the crisis and will be in focus in the weeks - SPDR Gold Trust ETF (GLD)Gold, viewed as a safe haven, has been on a strong rally this year, reaching new all-time highs on several occasions, buoyed by trade gyrations. The yellow metal serves as a hedge against market turmoil and is often used as a means of preserving wealth during times of financial and political uncertainty, typically performing well when other asset classes struggle. As such, the ultra-popular product tracking this bullion, like GLD, could be an interesting pick. The fund tracks the price of gold bullion measured in U.S. dollars and kept in London under the custody of HSBC Bank and JPMorgan Chase Bank. GLD is an ultra-popular gold ETF with an AUM of $99.9 billion and a heavy volume of about 11 million shares a day. SPDR Gold Trust ETF charges 40 bps in fees per year from investors and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Gold Surges Amid Global Risks: ETFs to Buy).Long-Dated Treasury - iShares 20+ Year Treasury Bond ETF (TLT)Products tracking the long end of the yield curve often provide a safe haven. The 10-year Treasury yields dropped to a one-month low of 4.31%, pushing bonds higher. TLT tracks the ICE U.S. Treasury 20+ Year Bond Index and has an AUM of $48.6 billion. Holding 42 securities in its basket, the fund focuses on the top credit-rating bonds with an average maturity of 25.78 years and an effective duration of 15.70 years. The expense ratio comes in at 0.15%, and the average daily volume is heavy at around 43 million shares. However, TLT currently has a Zacks ETF Rank #4 (Sell).Dollar - Invesco DB US Dollar Index Bullish Fund (UUP)After hitting a 3-year low in yesterday's trading session, the U.S. dollar rose 0.6% (at the time of writing) against a basket of major currencies on news that Israel had launched strikes on Iran. Invesco DB US Dollar Index Bullish Fund is the prime beneficiary of the rising dollar as it offers exposure against a basket of six world currencies. This is done by tracking the Deutsche Bank Long USD Currency Portfolio Index - Excess Return plus the interest income from the fund's holdings of U.S. Treasury securities. In terms of holdings, Invesco DB US Dollar Index Bullish Fund allocates nearly 57.6% in euro and 25.5% collectively in the Japanese yen and British pound (read: ETFs on the Move Post U.S.-China Trade Deal). The fund managed an asset base of $200.2 million, with an average daily volume of around 948,000 shares. UUP charges 78 bps of annual fees and has a Zacks ETF Rank #3 with a Medium risk - Invesco Currencyshares Japanese Yen Trust (FXY) The Japanese yen is considered a safe-haven currency in times of uncertainty. Investors could tap this via FXY, which appears to be a great way to play a future rise in the yen. It tracks the price of the Japanese yen and charges 40 bps a year in fees. The fund sees a good volume of roughly 340,000 shares per day and has accumulated $856 million in its asset base. FXY has a Zacks ETF Rank #3 with a Medium risk outlook. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares 20+ Year Treasury Bond ETF (TLT): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports Invesco CurrencyShares Japanese Yen Trust (FXY): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
05-06-2025
- Business
- Yahoo
Chasing Record Gold Prices? Don't Forget Silver: Why it's a Buy
Though silver has a larger market cap than many Fortune 500 companies and even some 'Magnificent 7' companies like Tesla (TSLA), the shiny metal has taken a backseat to gold. While silver is more commonly mined than gold, gold's price per ounce makes it a far more valuable asset than gold. Gold is the largest asset class in the world, with a market cap north of $22 trillion, while silver has a market cap of just ~$1.5 trillion. In addition to its gargantuan market cap, gold is stealing the spotlight from silver of late due to its significant price outperformance. The SPDR Gold Trust ETF (GLD) is up a robust 41.81% over the past twelve months, while the iShares Silver Trust (SLV) lags and is up 18.01%. Nevertheless, below are five reasons silver may play catchup: While gold has printed new all-time highs several times in 2025, silver finally broke out on Thursday to 13-year highs. As the old Wall Street adage goes, 'The longer the base, the higher in space.' Adding Fibonacci extensions to Thursday morning's breakouts suggests that $39 and $45 an ounce are reasonable targets for silver if this breakout is to stick. Furthermore, volume on the SLV ETF swelled to more than 2x the norm intraday, confirming the breakout. Image Source: TradingView Though gold and silver aren't perfectly correlated, they tend to trade in tandem. Recently, the gold-to-silver ratio reached an extreme. Historically, gold has made the first move higher, and silver has played catchup. In addition, gold fell more than 1% intraday while silver rose more than 2% - signaling a clear bullish change of character for silver. The Congressional Budget Office (CBO) predicts that 'The Big Beautiful Bill,' backed by President Donald Trump, will add $2.4 trillion to primary deficits and $3 trillion to debt (accounting for interest) if passed. Regardless of what side of the aisle you stand with politically, it's hard to argue that Republicans or Democrats have been fiscally responsible. For perspective, it took 221 years for the US debt to reach $12 trillion. Then, from 2020-2024, the US added another $12 trillion in debt. Investors use silver as a hedge against rampant government spending, tariff uncertainty, and inflation. The AI revolution is in full swing as mega-cap tech juggernauts dole out billions in CAPEX to build energy-hungry data centers across the globe. Silver is a necessary ingredient for the AI boom and is used in expensive GPUs from Nvidia (NVDA) and other chip companies that train large language models (LLMs). In addition, some analysts predict that AI data centers could consume ~12% of all American energy output by 2028 (up from 4% in 2023). The US may have to turn to renewable energy sources and companies like First Solar (FSLR) to fill the void. Once again, silver is a necessary ingredient needed to produce solar panels. Analysts tracked by Zacks Investment Research have high hopes for silver miners like First Majestic Silver (AG). The silver mining industry ranks 13 out of the 244 industries tracked by Zacks, making it a top 5% group. Image Source: Zacks Investment Research Bottom Line While gold holds the precious metals spotlight with its impressive market cap and recent price surge, silver appears poised for a significant resurgence. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report SPDR Gold Shares (GLD): ETF Research Reports iShares Silver Trust (SLV): ETF Research Reports First Majestic Silver Corp. (AG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-02-2025
- Business
- Yahoo
Eureka! VanEck's Gold Miner ETF Outshines GLD, SPY
The SPDR Gold Trust ETF (GLD), coming off a solid year that included outperforming the SPDR S&P 500 ETF Trust (SPY) by nearly 2 percentage points, continues to gain appeal among investors and financial advisors as the go-to strategy against a backdrop of high equity prices and geopolitical uncertainty. But a quick look past the precious metal to gold miners suggests an even more exciting ride for investors willing to buckle in for the ride. The $14.5 billion VanEck Gold Miners ETF (GDX), which gained 10.6% last year, trailed both SPY's 24.9% gain and GLD's 26.7% gain. But the early momentum in 2025 goes to the mining companies. GDX has gained 24.3% from the start of the year, compared to 3% for SPY and a still impressive 10.6% for GLD. According to data, GDX is on this run despite $1.1 billion worth of net outflows over the past month. The $81 billion GLD has had $650 million worth of outflows over the past month. Drew Martino, wealth manager at Savvy Advisors in Calabasas, California, attributed the rising price of gold to a 'confluence of factors occurring simultaneously.' Among the factors is the Trump administration's ongoing tariff threats. 'Tariffs can lead to inflation, and tend to benefit gold,' Martino said. 'Experts anticipate a slight increase in inflation in 2025 due to potential tariffs.' On top of that, Martino pointed to mortgage rates coming off their 2023 highs as being 'favorable for gold prices.' The price of gold closed at $2,945.40 an ounce Thursday, which is down slightly from the all-time high of $2,953 an ounce set Feb. 10. But the outlook remains bullish, according to Paul Schatz, president of Heritage Capital in Woodbridge, Connecticut. 'The current rally in gold and the (mining) stocks seems more pure than the last one because the stocks are leading,' he said. 'In other words, when the stocks lead, investors are accepting more risk and not positioning as a defensive play.' The bullish indicator, Schatz explained, is because 'mining companies are mostly levered to the metal so when stocks lead, investors think there is real demand versus hiding in gold for safety.' Martino also sees the momentum continuing. 'Widespread belief in a gold price rise can lead to increased buying, further driving up the price,' he | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
Eureka! VanEck's Gold Miner ETF Outshines GLD, SPY
The SPDR Gold Trust ETF (GLD), coming off a solid year that included outperforming the SPDR S&P 500 ETF Trust (SPY) by nearly 2 percentage points, continues to gain appeal among investors and financial advisors as the go-to strategy against a backdrop of high equity prices and geopolitical uncertainty. But a quick look past the precious metal to gold miners suggests an even more exciting ride for investors willing to buckle in for the ride. The $14.5 billion VanEck Gold Miners ETF (GDX), which gained 10.6% last year, trailed both SPY's 24.9% gain and GLD's 26.7% gain. But the early momentum in 2025 goes to the mining companies. GDX has gained 24.3% from the start of the year, compared to 3% for SPY and a still impressive 10.6% for GLD. According to data, GDX is on this run despite $1.1 billion worth of net outflows over the past month. The $81 billion GLD has had $650 million worth of outflows over the past month. Drew Martino, wealth manager at Savvy Advisors in Calabasas, California, attributed the rising price of gold to a 'confluence of factors occurring simultaneously.' Among the factors is the Trump administration's ongoing tariff threats. 'Tariffs can lead to inflation, and tend to benefit gold,' Martino said. 'Experts anticipate a slight increase in inflation in 2025 due to potential tariffs.' On top of that, Martino pointed to mortgage rates coming off their 2023 highs as being 'favorable for gold prices.' The price of gold closed at $2,945.40 an ounce Thursday, which is down slightly from the all-time high of $2,953 an ounce set Feb. 10. But the outlook remains bullish, according to Paul Schatz, president of Heritage Capital in Woodbridge, Connecticut. 'The current rally in gold and the (mining) stocks seems more pure than the last one because the stocks are leading,' he said. 'In other words, when the stocks lead, investors are accepting more risk and not positioning as a defensive play.' The bullish indicator, Schatz explained, is because 'mining companies are mostly levered to the metal so when stocks lead, investors think there is real demand versus hiding in gold for safety.' Martino also sees the momentum continuing. 'Widespread belief in a gold price rise can lead to increased buying, further driving up the price,' he | © Copyright 2025 All rights reserved Sign in to access your portfolio
