The Zacks Analyst Blog Highlights SPDR Gold Shares, iShares Gold Trust, SPDR Gold MiniShares Trust, abrdn Physical Gold Shares ETF and Goldman Sachs Physical Gold ETF
For Immediate ReleaseChicago, IL – November 21, 2024 – Zacks.com announces the list of ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: SPDR Gold Shares GLD, iShares Gold Trust IAU, SPDR Gold MiniShares Trust GLDM, abrdn Physical Gold Shares ETF SGOL and Goldman Sachs Physical Gold ETF AAAU.Here are highlights from Wednesday’s Analyst Blog:Gold Continues to Glitter: ETFs to Tap Its Safe-Haven AppealEarlier this week, Russian president Vladimir Putin signed a revised nuclear doctrine, officially reducing the threshold for Russia’s use of nuclear weapons, further intensifying geopolitical tensions. According to Yahoo Finance, this change came after the Biden administration approved Ukraine to use U.S.-made long-range missiles to target deep within Russian territory.This recent development in the ongoing Russia-Ukraine conflict increased demand for safe-haven assets, with investors turning their attention to the yellow metal. After a downward trend influenced by the recent U.S. presidential election results, gold prices rebounded, climbing to a one-week high.Reasons for the Recent Price RallyDonald Trump’s victory in the recent Presidential elections, which saw him resume office for a second time, sparked a positive response from the markets. However, many economists warn that Trump’s primary campaign promises of imposing new tariffs and initiating a "mass deportation" of undocumented immigrants could drive prices upward.Against this backdrop, increasing exposure to gold could prove to be a smart move. Across extended investment periods, gold preserves its purchasing power, outpacing inflation and diversifying an investment portfolio due to its historical tendency to have a negative correlation with other asset classes.The Fed’s interest rate cuts have also fueled the rally in commodity prices. Following interest rate cuts in September and November, there’s a 59.1% likelihood that the Fed might go ahead with a third rate cut this year, lowering the rate to 4.25-4.5% in December, according to the CME FedWatch Tool.If the Fed goes ahead with a rate cut, the greenback may lose its strength. A weaker U.S. dollar generally leads to higher demand for gold, pushing its price upward as it becomes more affordable for buyers holding other currencies.However, the market is revising its expectations for the Fed's rate cuts next year, which could mean that any future rate cut may have a lesser impact on commodity prices.Central banks increasing purchases of the precious metal and geopolitical tensions in the Middle East also boost gold prices.Surge in Price ExpectationsGoldman Sachs analysts, as quoted on Yahoo Finance, advised investors to go long on the precious metal as central banks continue to increase their holdings of the asset. The firm has set a price target of $3,000 for gold by the end of 2025.UBS followed suit, predicting that gold will rise to $2,900 per ounce by the end of next year, as quoted on Yahoo Finance.ETFs to ConsiderAs geopolitical tensions escalate, investors can enhance their exposure to the precious metal, to potentially boost portfolio gains and better prepare for an uncertain market environment going forward.Investors should not be discouraged by any decline in gold prices. Rather, they should adopt a "buy-the-dip" strategy. Given the current global economic climate, gold remains an essential hedge for all investors, regardless of their investment theme.SPDR Gold SharesSPDR Gold Shares charges an annual fee of 0.40% and has Zacks ETF Rank #3 (Hold), with a Medium risk outlook. The fund has gained about 2.8% since Nov. 15 (as of Nov. 19) and 36.39% over the past year.iShares Gold TrustiShares Gold Trust charges an annual fee of 0.25% and has Zacks ETF Rank #3, with a Medium risk outlook. The fund has gained about 2.9% since Nov. 15 (as of Nov. 19) and 36.58% over the past year.SPDR Gold MiniShares TrustSPDR Gold MiniShares Trust charges an annual fee of 0.10% and has Zacks ETF Rank #3. The fund has gained about 2.8% since Nov. 15 (as of Nov. 19) and 36.79% over the past year.abrdn Physical Gold Shares ETFabrdn Physical Gold Shares ETF charges an annual fee of 0.17% and has Zacks ETF Rank #3, with a Medium risk outlook. The fund has gained about 2.8% since Nov. 15 (as of Nov. 19) and 36.69% over the past year.Goldman Sachs Physical Gold ETFGoldman Sachs Physical Gold ETF charges an annual fee of 0.18% and has Zacks ETF Rank #3. The fund has gained about 2.9% since Nov. 15 (as of Nov. 19) and 36.70% over the past year.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 >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 SPDR Gold Shares (GLD): ETF Research Reports iShares Gold Trust (IAU): ETF Research Reports abrdn Physical Gold Shares ETF (SGOL): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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