There are three ways to play this recent gold and silver breakout, with ETFs that match both safety and cost efficiency, as well as a direct mining play.
Gold has been in a holding pattern since April. With the Fed slated to cut rates in September, these ETFs could break out alongside the precious metal.
Gold ETFs are in the spotlight as Fed rate cut bets, a weaker dollar, and rising inflation expectations boost demand. Top picks include GLD, IAU, and GLDM.
Institutional forecasts for gold prices remain optimistic due to persistent US macro risks, central bank demand, and ETF inflows. Despite recent slowdown, large capital continues to invest in the precious metal.
Uzbekistan's NMMC, the 4th largest publicly listed gold miner, is preparing for an IPO valued at $20B. The country's mining sector is rapidly modernizing.
ETF investors face policy risk as US-China tensions affect semiconductor and precious metals markets. Nvidia and AMD stocks may suffer, while gold ETFs could benefit from tariff clarity.
Gold futures prices jumped, causing a premium of over $125 per ounce, due to new tariffs on Swiss gold imports to the US. Impact on ETFs remains uncertain.
Trump's 15% tariff on South Korea imports and $350B investment promise are shaking up ETF market. Look for gains in US infrastructure, industrials, semiconductors, and energy sectors.
JPMorgan picks AngloGold Ashanti as top gold miner, sees potential for 60-70% upside with gold at $4000/oz. Other top contenders are Fresnillo, Hochschild, and Gold Fields.
