Mexico - Delayed Quote MXN

abrdn Physical Gold Shares ETF (SGOL.MX)

635.00

0.00

(0.00%)

At close: May 5 at 12:48:06 PM CST

Gold ETF (SGOL) Hits New 52-Week High

This gold ETF hits a new 52-week high. Are more gains in store for this ETF?

Zacks last month

SGOL
Buy into gold ETFs before rate cuts start: Strategist

The price of gold (GC=F) recently reached a peak of $2,500 per ounce, with global gold ETF assets under management also hitting a new month-end record of $264 billion for July, according to the World Gold Council. Some strategists envision gold prices even climbing above $3,000 per ounce. With the advent of likely interest rate cuts by the Federal Reserve in September, is now the time to invest in gold and gold exchange-traded funds? abrdn Director of ETF Investment Strategy Robert Minter joins Wealth! to give insight into the rising price of gold, the inflows of gold ETFs, and how it will play out with rate cuts. abrdn manages its Physical Gold Shares ETF (SGOL). "It's the ETF investors that love a rate cut because gold doesn't have an interest rate... And so we did look at the last three times we were at this point in a rate cut cycle... the results were pretty outstanding," Minter tells Yahoo Finance. "So those time periods were 2000, 2006, and 2018, and gold prices went on to rise 57%, 113%, and 69% in those three time periods, respectively. And silver (SI=F) actually did even better at 65%, 318%, and 101%." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

Yahoo Finance Video 8 months ago

SGOL
GLD: Burry Magnifies Physical Gold ETF Interest

The famous hedge fund manager bought shares of a gold fund in Q1.

etf.com 11 months ago

SGOL

GLD

IAUM

Return	SGOL.MX	Category
YTD	--	+8.30%
1-Year	--	+9.59%
3-Year	--	+1.84%

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abrdn Physical Gold Shares ETF (SGOL.MX)

Gold ETF (SGOL) Hits New 52-Week High

Buy into gold ETFs before rate cuts start: Strategist

GLD: Burry Magnifies Physical Gold ETF Interest

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