The yellow metal hit a two-week high as U.S. reported subdued inflation data, sparking concerns about the timing of the next interest rate hike (read: Gold ETFs Awaiting Bullish Reversals in Second Half of 2017?).

Consumer prices grew 1.6% year over year in June 2017, while it remained unchanged on a monthly basis. This is far from the Fed’s 2% target. In the congressional testimony last week, Janet Yellen cited that the Fed will be focusing on inflation numbers and that persistent weak inflation figures will lead it to hike rates slowly.

Therefore, the outlook for another rate hike this year and of the Fed’s shrinking of its $4.5 trillion balance sheet remains clouded. Per Fed fund futures data, odds of a 25 basis points rate hike in December have declined to around 47%.

This led to a decline in the greenback and the 10-year US Treasury yield hit a month low. The weaker dollar boosted the commodity, as the dollar priced metal became cheaper for investors holding other currencies (read: 5 Reasons Why Gold ETFs May be Up for a Rebound).

Let us now discuss a few ETFs focused on providing exposure to gold.

SPDR Gold Shares ETF GLD

This fund offers physical exposure to gold. It seeks to track the performance of the gold bullion and might turn out to be a cost-efficient way of gaining exposure to the commodity even after accounting for the fund’s expenses.

It has AUM of $32.8 billion and charges a fee of 40 basis points a year. It has returned 7.01% year to date but has lost 7.8% in the last one year. As such, GLD currently carries a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

iShares Gold Trust ETF IAU

This ETF seeks to provide exposure to prices of the gold bullion and can be used as a means to attain portfolio diversification or achieve hedging targets.

It has AUM of $8.38 billion and charges a fee of 25 basis points a year. It has returned 7.04% year to date but has lost 7.7% in the last one year. As such, IAU currently carries a Zacks ETF Rank #3 with a Medium risk outlook.

ETFS Physical Swiss Gold Shares ETF SGOL

This fund aims to track the performance of the gold bullion before fees and expenses and is a convenient way of gaining exposure to the metal.

It has AUM of $1.01 billion and charges a fee of 39 basis points a year. It has returned 7.03% year to date but has lost 7.81% in the last one year. As such, SGOL currently carries a Zacks ETF Rank #3 with a Medium risk outlook.

Another way to gain exposure to the metal is through ETFs investing in commodity futures. Let us discuss one such ETF.