Investors Returning to Gold ETFs
Feb 26, 2018
Some investments are as good as gold. The VanEck Vectors Gold Miners ETF (GDX), the largest gold mining ETF, may just be one of them. Investment in the ETF has seen a significant increase in the past week of approximately $529 million. This equals the largest investment influx the fund has experienced since 2013. Shrinking costs, discounted share prices, as well as increased M&A activity have all been contributing factors towards the improved attractiveness of gold mining stocks. Significant economic U.S growth spurred by steady unemployment, improving wages, and tax cuts has worked to improve the potential for an increase in the value of gold as it has traditionally acted as a hedge to rising inflation.
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