CyberMetals on Thursday said investors were more likely to trust physical assets such as gold rather than digital investments during economic uncertainty and times of geopolitical turmoil.
“A significant 80% of investors reported trusting physical assets more than digital ones during turbulent times, with gold (64%) and real estate (63%) being the most trusted,” CyberMetals said.
According to CyberMetals, 89% of gold investors believe the metal has long-term investment value. Another 49% of gold investors said that investing in gold improved their overall portfolios position. Additionally, 58% of investors actually reported on holding gold.
Gold (XAUUSD:CUR) currently trades at $2,337/oz after topping an all-time trading high of $2,454.20 back on May 20. Moreover, the precious metal also trades higher on the year by 12.7% YTD.
As a result, exchange-traded funds that have their price action tied to the commodity have noticed positive moves in 2024. Listed below are 15 prominent gold-focused ETFs.
- VanEck Merk Gold Trust ETF (OUNZ)
- U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)
- Direxion Daily Gold Miners Index Bull 2X Shares ETF (NUGT)
- Sprott Gold Miners ETF (SGDM)
- GraniteShares Gold Trust ETF (BAR)
- iShares MSCI Global Gold Miners ETF (RING)
- ABRDN Physical Precious Metals Basket Shares ETF (GLTR)
- Goldman Sachs Physical Gold ETF (AAAU)
- iShares Gold Trust ETF (IAU)
- Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF (JDST)
- ABRDN Physical Gold Shares ETF (SGOL)
- Direxion Daily Gold Miners Index Bear 2X Shares ETF (DUST)
- VanEck Gold Miners ETF (GDX)
- SPDR Gold MiniShares ETF (GLDM)
- SPDR Gold Shares ETF (NYSEARCA:GLD)