Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
Golden ETFs Lose Their Shine as Inflation Fears Haunt Investors
Gold exchange-traded funds had a tough time today as investors took a new look at the ongoing geopolitical crisis in the Middle East.
Claim 70% Off TipRanks Premium
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential
The gold price has rocketed higher over the last 12 months and most recently in the last few days as a result of investors flocking to it as a safe haven during times of turmoil. Clearly, the newest driver has been the U.S. and Israeli war on Iran, which has spread to a number of Gulf states, Cyprus and Turkey.
However, another consequence of the conflict seems to have been more in focus today – inflation. Iran and the Gulf States have control of much of the world’s oil and other commodities such as fertilizers for crops. Any squeeze on supply will lead to higher prices for businesses, farmers and people at the gas station and in the shops.
A hike in price inflation means it is less likely that we will see more interest rate cuts. Gold tends to do well when interest rates are lower.
Golden Slumbers Today
Let’s take a look at how the main gold ETFs fared today.
SPDR Gold Shares ETF GLD -1.00% ▼ was down 1.23%
iShares Gold Trust IAU -1.03% ▼ was 1.3% lower
Aberdeen Standard Physical Gold Shares ETF SGOL -1.00% ▼ was off 1.23%
GraniteShares Gold Shares BAR -1.11% ▼ was 1.21% lower
SPDR Gold MiniShares Trust GLDM -1.02% ▼ was down 1.22%
Which Gold ETF Should Investors Buy?
Turning to the TipRanks ETF Comparison tool, traders can find all of the latest details on the gold ETFs mentioned above. While all of these ETFs were down today, they have experienced strong gains over the past year. This suggests today’s dip could be a good entry point for traders. Investors can also compare each of these ETFs’ AUMs, expense ratios, and dividend yield to determine which are the best for their portfolios.
Disclaimer & DisclosureReport an Issue