Published on 15 Apr 2024 on ETF Trends via Yahoo Finance
Gold ETFs Regain Luster as Gold Hits Record Highs
This article was originally published on ETFTrends.com.
Gold prices have shot up to historic highs – outshining broader markets and driving up demand for gold ETFs.
Investors often use gold ETFs to diversify away from stocks and bonds. Gold has the lowest correlation to the S&P 500 of all asset classes. The precious metal has also proven a popular hedge against geopolitical risk (of which there is plenty) and, at times, against inflation.