iShares Gold Trust Shares of the iShares Gold Trust (ARCA: IAU)

에 대한 최신 뉴스 iShares Gold Trust Shares of the iShares Gold Trust (ARCA:IAU)

The Trust seeks to reflect such performance before payment of the Trusts expenses and liabilities. It is not actively managed. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold. The advisor intends to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal.

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금 가격은 글로벌 시장의 불확실성 속에서 최고치를 경신하고 있지만, 일부 전문가들은 이러한 금 강세 속에서 심각한 조정이 다가올 수 있다고 지적했다.

금 가격 3,400달러 근접, 전문가들은 강세장 속 &#39;조정&#39; 예상

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금은 인플레이션과 경제 불확실성에 대한 헤지 역할로 인해 오랫동안 개인 금융 전략의 초석이 되어 왔다. 투자자는 금에 노출되는 두 가지 주요 방법, 즉 금 현물을 구매하거나 금 상장지수펀드에 투자할 수 있다.

금, 안전자산 수요 증가 속 신고점 경신···금에 투자하는 두 가지 방법은?

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금 가격이 최고치를 경신하고 있는 가운데, 전문가들은 엇갈린 경제 지표와 도널드 트럼프 대통령의 관세 부과 임박으로 인한 경제 불확실성이 커지면서 금이 더 상승할 여지가 있다고 보고 있다. 

금 가격, 경제 불확실성 증가 속 3,100달러 유지...골든 러시 활용할 수 있는 ETF는?

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Gold prices have been scaling fresh highs amid the global market uncertainty, however, some experts point out that a severe correction could be looming amid this gold bull run.
What Happened: While the Gold Spot U.S. Dollar has scaled a fresh high at $3,357.81 per ounce and trades above the 3,300-mark, experts have now started cautioning against this bull run.
According to Patrick Karim, the co-founder of NorthstarBadcharts.com, gold undergoes corrections even during bull markets.
The data shared by him shows that gold prices underwent a correction of over 48% during December 1974 to August 1976, 33% during March 2008 to October 2008, and 22% between August 2020 to September 2022.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I know, gold bulls don&#39;t want to read this right now&#8230; But even during bull markets, gold had these corrections: Dec 1974 to Aug 1976, drop over 48%. Mar 2008 to Oct 2008, drop over 33%. Aug 2020 to Sep 2022, drop over 22%. Same setup now with price historically stretched. <a href="https://t.co/FgRd6uJh6D">pic.twitter.com/FgRd6uJh6D</a>
&mdash; Patrick Karim (@badcharts1) <a href="https://twitter.com/badcharts1/status/1912633618435887502?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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Meanwhile, the CEO of Cardone Capital, Grant Cardone said, &#8220;gold acting like we in depression. Rates will drop like rock.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">gold acting like we in depression. Rates will drop like rock &#x2b07;&#xFE0F; <a href="https://t.co/zy09KAdhYd">pic.twitter.com/zy09KAdhYd</a>
&mdash; Grant Cardone (@GrantCardone) <a href="https://twitter.com/GrantCardone/status/1912618410497782149?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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According to data shared by Charlie Bilello of Creative Planning, the inflation-adjusted gold prices were back at an all-time high, after 45 years, surpassing the prior peak from 1980.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It took 45 years to get there, but inflation-adjusted Gold prices are back at an all-time high, surpassing the prior peak from 1980. <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a><a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/bXWisvrl3c">pic.twitter.com/bXWisvrl3c</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912558536573268362?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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Economist Mohamed El-Erian said that the rise in gold prices was a result of the slow and steady diversification away from the dollar by some foreign central banks and others.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of gold registered another record high today, overcoming yet another periodic round of profit-taking by some tactical traders — this as it benefits from the tailwind of slow and steady diversification away from the dollar by some foreign central banks and others.<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>… <a href="https://t.co/MKDnxZddv0">pic.twitter.com/MKDnxZddv0</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1912523089557987357?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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This was also confirmed by a study titled ‘Dollar Upheaval: This Time is Different&#8217;. The note written by five experts concluded that investors "(i) question the safety of the dollar, not just Treasuries, and (ii) that they perceive these changes to be long-lasting."
"Normally, in times of global volatility… the dollar appreciates as dollar-denominated assets benefit from a flight to safety. Not this time around," the note stated.
Thus, it is evident that investors were preferring gold as a safe-haven asset over the U.S. Treasuries of the U.S. dollar.
See Also: <a href="https://www.benzinga.com/25/04/44834505/scott-bessent-affirms-china-wont-weaponize-us-treasuries-as-it-would-weaken-their-currency-affecting-exports-we-do-buybacks">Scott Bessent Says China Won&#8217;t &#8216;Weaponize&#8217; US Treasuries, Citing Risk To RMB And Exports: &#8216;We Do Buybacks&#8217;</a>
Why It Matters: The Gold Spot US Dollar price has rallied 27% from $2,623.81 on Dec. 31, 2024, to $3,332.16 per ounce as of today. 
When compared with data from over 25 years, gold prices have skyrocketed 1056% from $288.25 on Dec. 31, 1999. In comparison, the S&amp;P 500 index has risen by 259.1% from 1,469.25 on Dec. 31, 1999, to 5,275.70 as of Wednesday&#8217;s close.
Gold prices were on pace to score their best year since 1979, when the prices rallied 126.5% on a year-to-date basis.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Gold hit another all-time high today and is now up over 27% in 2025. On pace for its best year since 1979.<a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/qrnwssFL0X">pic.twitter.com/qrnwssFL0X</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912676841199935975?ref_src=twsrc%5Etfw">April 17, 2025</a></blockquote>
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Price Action: The gold price was down 0.54% at $3,332.16 as of the publication of this article. Following Gold ETFs have also done well during this bull run.
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<tbody>
<tr>
<td>Gold ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>25.78%</td>
<td>40.86%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>25.37%</td>
<td>40.32%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>25.42%</td>
<td>40.40%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>25.24%</td>
<td>40.15%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>25.28%</td>
<td>40.02%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>25.38%</td>
<td>40.28%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>25.41%</td>
<td>40.45%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>25.32%</td>
<td>40.30%</td>
</tr>
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<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>25.49%</td>
<td>40.60%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>21.48%</td>
<td>29.06%</td>
</tr>
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The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 2.22% to $525.66, while the QQQ declined 3.02% to $444.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the Dow Jones futures were up 1.04%, whereas the S&amp;P 500 index rose 1.19% and the Nasdaq 100 advanced 1.21%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44836076/gold-fund-inflows-smash-record-with-80-billion-in-2025-these-etfs-are-riding-the-3300-surge">Gold Fund Inflows Smash Record With $80 Billion In 2025 — These ETFs Are Riding The $3,300 Surge</a></li>
</ul>
Photo courtesy: Shutterstock

Gold Nears $3,400 Mark, Experts Point To Likely 'Correction' Amid Bull Market: 'Rates Will Drop Like Rock'

Gold has long been a cornerstone of personal finance strategies, prized for its role as a hedge against inflation and economic uncertainty. Investors have two primary avenues to gain exposure to gold: purchasing physical gold or investing in gold exchange-traded funds. 
Each approach offers unique advantages and drawbacks, making the right choice dependent on financial goals, risk tolerance and <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44836846/wall-streets-mood-turns-bleak-as-global-recession-fears-mount-fund-managers-slash-us-exposure">investment horizon.</a>
Physical Gold: Physical gold refers to tangible assets, such as gold bars, coins and jewelry. An investment in physical gold is appealing to some investors as it is independent of banks or financial institutions with no digital records or intermediaries involved. Gold's intrinsic value and historical role as a store of wealth also make it appealing for generational wealth transfer.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/global/25/04/44841158/hongkong-post-stops-us-package-service-china-e-commerce-stocks-drop">Hongkong Post Stops US Package Service, China E-Commerce Stocks Drop&nbsp;</a>
"Amidst the recent stock market turbulence, we're seeing renewed interest in tangible, physical assets that exist outside traditional financial structures," Tim Schmidt, the founder of Gold IRA Custodians,<a href="https://www.cnbc.com/2025/04/11/is-this-a-good-time-to-buy-gold-experts-weigh-in.html"> told </a>CNBC.&nbsp;
However, the costs of secure storage and insurance can be high and the market for physical gold can be relatively illiquid with transactions sometimes incurring delays before a buyer or seller can be found. Also, physical gold does not generate interest or dividends so returns can only be realized when the gold is sold.&nbsp;
Gold ETFs: Investing in a gold-focused <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44836076/gold-fund-inflows-smash-record-with-80-billion-in-2025-these-etfs-are-riding-the-3300-surge">exchange-traded fund </a>can provide investors with exposure to gold's price movements without the need to own or store the metal directly.&nbsp;
"For most [investors], I would say a gold bullion-backed ETF makes the most sense," Sameer Samana, head of global equities and real assets at the Wells Fargo Investment Institute, told CNBC.
Both the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>), are backed by physical gold bullion held in secure vaults, and each share represents a specific amount of gold. 
Investors can also find exposure to gold through the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), tracking the performance of the NYSE Arca Gold Miners Index, and the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) which focuses on smaller, early-stage gold miners, offering higher growth potential but increased volatility. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/04/44817229/chinese-tiktok-influencers-expose-cheap-nike-lululemon-suppliers-to-bypass-trump-tariffs">Chinese TikTok Influencers &#8216;Expose&#8217; Cheap Nike, Lululemon Suppliers To Bypass Trump Tariffs&nbsp;</a></li>
</ul>
Photo: Shutterstock

Gold Hits New Record Highs As Safe-Haven Demand Climbs: 2 Ways To Invest

Amid the staggering rally in the Gold prices, the gold fund net inflows have hit a record of $80 billion year-to-date, doubling over its previous record high in 2020, according to the BofA Global Investment Strategy report.
What Happened: A BofA Research graph shared by the Kobeissi Letter on X highlights how the investors have been pouring money into gold at a record pace amid the ongoing market uncertainty.
The Gold Spot US Dollar price has rallied 25.95% from $2,623.81 on Dec. 31, 2024, to $3,304.80 per ounce as of today. Its record high stood at $3,318 per ounce as of the publication of this article.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Gold fund net inflows have hit a record $80 BILLION year-to-date. This is 2 TIMES more than the previous high set in the full year 2020. Investors are pouring money into gold at a record pace as the market uncertainty has skyrocketed. As a result, gold prices have… <a href="https://t.co/GyD3Srw6hu">pic.twitter.com/GyD3Srw6hu</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1912204673240662143?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
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Apart from this, the World Gold Council data for the first quarter released last week highlighted that Gold ETFs saw an inflow of 226.5 metric tons worth $21.1 billion, the largest amount since the first quarter of 2022.
Following this, Gold ETF holdings increased by 3% to 3,445.3 tons by March-end, the highest since May 2023 but below the record 3,915 tons in October 2020. However, the World Gold Council noted that U.S.-listed funds saw the largest inflow in the first quarter with 133.8 tons, followed by Europe-listed funds with 54.8 tons.
All Gold-linked ETFs have risen over 21% year-to-date in 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Gold ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>21.75%</td>
<td>35.37%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>21.41%</td>
<td>34.91%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>21.46%</td>
<td>34.99%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>21.31%</td>
<td>34.75%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>21.33%</td>
<td>34.61%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>21.42%</td>
<td>34.88%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>21.47%</td>
<td>35.05%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>21.43%</td>
<td>34.92%</td>
</tr>
<tr>
<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>21.49%</td>
<td>35.04%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>17.90%</td>
<td>24.48%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">Trump Administration Imposes Up To 245% Tariff On Chinese Imports Amid Intensifying Trade Battle</a>
Why It Matters: When compared with data from over 25 years, gold prices have skyrocketed 1046.5% from $288.25 on Dec. 31, 1999, to $3,304.80 today. In comparison, the S&amp;P 500 index has risen by 267.31% from 1,469.25 on Dec. 31, 1999, to 5,396.63 as of Tuesday&#8217;s close.
According to Zafar Shaikh, the founder &amp; CEO of Invesys Capital, gold prices have doubled over the last 30 months. This last happened in 2008 and 2011. However, he cautioned that &#8220;So it may still have some juice left but if you are late to the GOLD party, take a deep breath &amp; let it pass rather than getting attracted by $5000 targets.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">30 months since <a href="https://twitter.com/hashtag/GOLD?src=hash&amp;ref_src=twsrc%5Etfw">#GOLD</a> started bullrun in 2022 &amp; it&#39;s up 100% Other times when GOLD doubled in 30M was in 2008 &amp; 2011 which was followed by major correction or top for gold So it may still have some juice left but if you are late to the GOLD party, take a deep breath &amp; let it… <a href="https://t.co/glE8ikwflx">pic.twitter.com/glE8ikwflx</a>
&mdash; Zafar Shaikh (@InvesysCapital) <a href="https://twitter.com/InvesysCapital/status/1912436389808906283?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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Meanwhile, Christopher Aaron, the founder of iGold Advisor, highlighted the Dow-to-Gold ratio in a chart, which showed that the ratio had broken a 45-year best-fit trend. The chart said that this pattern suggested that gold could outpace general equities over the next several decades.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No one is paying attention to this chart &#8212; and it is the single most important chart in all of finance&#8230;<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> <a href="https://t.co/MQnJgUT5mp">pic.twitter.com/MQnJgUT5mp</a>
&mdash; Christopher Aaron (@iGlobalGold) <a href="https://twitter.com/iGlobalGold/status/1912289374584328695?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
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Economist Peter Schiff, on the other hand, spoke about gold mining stocks and said in a X post that &#8220;The time to invest in gold mining stocks is now before the market surges again!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Gold&#39;s explosive rally from $2,000 to $3,000 caught investors off guard, and now it&#39;s aiming for $3,500. With China's economic grip tightening, is the US prepared for a shift in the global balance? The time to invest in gold mining stocks is now before the market surges again!… <a href="https://t.co/eys6gXzJYV">pic.twitter.com/eys6gXzJYV</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1912429831582626183?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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Price Action: Gold was trading at $3,304.80, whereas the ETF tracking the S&amp;P 500 index, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), was down 0.73% in premarket.
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<li><a href="https://www.benzinga.com/25/04/44832789/sp-500-typically-gains-18-in-a-year-after-vix-drops-from-50-to-30-level-heres-what-analysts-say">S&amp;P 500 Typically Gains 18% In A Year After VIX Drops From 50 To 30 Level: Here&#8217;s What Analysts Say</a></li>
</ul>
Image Via Shutterstock

Analyst Color

Sector ETFs

General

Gold Fund Inflows Smash Record With $80 Billion In 2025 — These ETFs Are Riding The $3,300 Surge

As the gold price crossed $3,200 per ounce for the first time, Ghana, a <a target="_blank" href="https://www.benzinga.com/topic/gold" rel="noreferrer noopener">major gold producer</a>, has officially centralized control over its gold exports under a newly established government entity.
Effective immediately, Ghana Gold Board (GoldBod) becomes the sole institution authorized to buy, sell, assay, and export gold from the country's artisanal and small-scale mining sector to curb illegal mining and <a target="_blank" href="https://www.benzinga.com/news/global/25/02/43514005/escalating-tariff-wars-tighter-african-supply-drive-gold-toward-3000-milestone" rel="noreferrer noopener">boost state revenues</a>.
"The Ghana Gold Board aims to regulate the gold industry, stabilize the cedi, and maximize revenue from gold exports. As Africa's leading gold producer, Ghana derives substantial foreign exchange earnings from gold. However, the benefits accrued from this valuable mineral remain minimal, often coming at a steep environmental cost," Finance Minister Cassiel Ato Baah Forson <a target="_blank" href="https://mofep.gov.gh/news-and-events/2025-01-28/finance-minister-inaugurates-technical-committee-to-establish-gold-board" rel="noreferrer noopener">said</a> in the inaugural statement earlier this year.
The government has also mandated that all foreign gold traders exit the local market by April 30, 2025, though they may still apply to buy gold directly from GoldBod under regulated conditions. All licensed buyers must now conduct transactions in Ghanaian cedis at prices based on the Bank of Ghana's reference rate.
By tightening the regulations, Ghana seeks to address the illegal mining issue, locally known as "galamsey." While small-scale mining accounts for 40% of the country's gold output, an estimated 70 to 80% is unlicensed. Illegal mining causes severe environmental damage, including deforestation, water pollution from mercury and heavy metals, and the destruction of cocoa farms, contributing to <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37900275/agriculture-commodities-rise-to-9-year-highs-cocoa-prices-skyrocket-chocolate-lover" rel="noreferrer noopener">spiking cocoa prices</a>.
The impact of galamsey on national revenues is substantial. Although Ghana's gold exports surged by 53.2% in 2024 to $11.64 billion, a large portion of gold produced by informal miners evades legal channels, limiting the government's ability to collect taxes and foreign reserves.
Officials believe consolidating trade under GoldBod will increase fiscal transparency and strengthen the cedi.
Gold mining is vital for the country's economy, contributing around 7% of the GDP and more than 1 million jobs. In 2024, production reached an estimated 4.9 million ounces (around 136 metric tons).
By 2026, major projects like Cardinal Resources' Namdini Mine, Newmont's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) Ahafo North, and Azumah Resources' Black Volta Gold Project could collectively add over 846,000 ounces in annual production.
Ghana will host its inaugural Mining in Motion Summit in Accra from June 2 to 4, 2025, to reinforce its leadership in responsible mining.
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</ul>
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Large Cap

Regulations

Legal

Ghana Tightens Control Over Gold Exports As Yellow Metal Prices Surge

Gold prices soared past $3,200 an ounce for the first time on Friday morning, continuing a historic rally as investor demand surged with <a target="_blank" href="https://www.benzinga.com/25/04/44757476/asia-mixed-europe-slides-as-china-tariff-hike-escalates-tensions-gold-soars-dollar-hits-two-year-low-global-markets-today-while-us-slept" rel="noreferrer noopener">growing concerns over global economic stability</a>, U.S. trade policies, and falling bond yields.
Spot gold climbed 1.8%, trading at $3,230 at 6 AM ET, extending the yellow metal's year-to-date gain to nearly 22%.
"Recession risks are mounting, bond yields are soaring, and the US dollar continues to weaken – all factors reinforcing gold's role as a crisis hedge and inflation shield," Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany, said <a target="_blank" href="https://www.reuters.com/markets/commodities/gold-bolts-past-3200-dollar-slide-safe-haven-flows-2025-04-11/" rel="noreferrer noopener">per</a> Reuters.
Analysts at UBS say the rally may not be over yet, predicting gold could reach between $3,400 and $3,500 per ounce "in the months ahead." Other institutions like Bank of America and Goldman Sachs <a target="_blank" href="https://www.benzinga.com/25/03/44499732/bank-of-america-sees-new-gold-as-a-buy-lifts-price-target-by-50" rel="noreferrer noopener">recently revised</a> their gold price targets upwards, citing heightened demand from central banks, falling real yields, and rising geopolitical stress.
Global gold ETFs saw substantial inflows in the first quarter of 2025, adding $21 billion, the second-highest quarterly inflow since the second quarter of 2020 during the COVID-19 pandemic.
Holdings increased by 226 tons, lifting total ETF gold reserves to 3,445 tons, the highest level since May 2023.
World Gold Council <a target="_blank" href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2025/04" rel="noreferrer noopener">noted</a> that North America dominated with $12.9 billion in net inflows—around 61% of the global total—driven by falling yields, a weaker U.S. dollar, and intensifying trade fears. Europe saw $4.6 billion in inflows, with the UK, Germany, and Switzerland leading the charge.&nbsp;
Meanwhile, Asia added $3.3 billion, with Japan and China accounting for the bulk as investors responded to explosive gold price momentum and domestic inflation concerns.
"This new buying in North America is the inverse of last year when there was an increase of ETF holdings in Asia and decreased holdings in the U.S., Canada, and Europe. This year we see increases across the board, (but) gold still dominates,"&nbsp; Christopher Berlet, president of Mineral Fund, said <a target="_blank" href="https://www.northernminer.com/news/gold-etfs-log-us21b-rise-in-first-quarter-wgc-says/1003877549/" rel="noreferrer noopener">for</a> the Northern Miner.
Trading volumes have also remained robust. Gold averaged $266 billion daily in March, slightly below the quarterly average of $270 billion. COMEX led the way on exchange volume, buoyed by increased options activity and rising North American ETF flows. The long net positions of money managers in COMEX futures remained stable despite some profit-taking in early March.
The two largest gold ETFs globally—SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)—continue to attract the most attention as investors seek cost-conscious gold exposure without owning physical bullion.
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</ul>
Image via Shutterstock

Price Target

Global

Gold Soars Beyond $3,200, ETFs Achieve Record Inflows In Q1

As gold prices have been scaling new highs, experts believe there are more legs to this surge amid the growing economic uncertainty fueled by mixed economic data and President Donald Trump&#8216;s impending tariffs.
What Happened: Gold prices scaled a fresh high of $3,149.03 per ounce on Tuesday, rising as much as 18.78% on a year-to-date basis as of April 2.
Experts believe that tariffs are a reason for this surge because the disruption in global supply chains caused by the imposed duties will lead businesses to reassess their supply routes.
According to Eugenia Mykuliak, the founder and executive director at B2PRIME Group, a recalibration of the supply chain will lead to &#8220;Capital outflows from emerging markets and increased market volatility. As such, wary investors will naturally seek refuge in safe-haven assets, with gold being the most obvious one to benefit from this shift.&#8221;
Sean Hoey, the managing director of IBV International Vaults, also adds, &#8220;Gold's record-breaking surge is a clear reflection of growing economic uncertainty and market volatility fuelled by President Trump's latest tariffs.&#8221;
He believes that investors worldwide are turning to gold, &#8220;Reinforcing its role as a hedge against inflation and geopolitical instability.&#8221;
Mykuliak reaffirms that the price surge in the yellow metal is poised to continue. &#8220;Central banks and institutional investors are already increasing their gold reserves, and while the uncertainty lingers, gold's upward price trajectory is likely to continue,&#8221; she said.
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Why It Matters: According to Peter Schiff, the chief economist and global strategist at Europac and the chairman of SchiffGold, &#8220;The dollar has lost 95% of its purchasing power since the Fed's founding in 1913. Meanwhile, gold holds steady—which means going up when you measure it in dollar terms. In 1913, an ounce bought you a fine suit, and today, it still does. That's no accident. When you expand the money supply and availability of credit, prices rise.&#8221;
Schiff further cautions against trusting Federal Reserve Chairman Jerome Powell&#8217;s policies, arguing that neither inflation nor a potential recession is being effectively addressed. According to him, the true solutions lie in free market principles and investment in assets like gold.
While gold is up over 18% in 2025, here is a list of gold exchange-traded funds that investors can consider.
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<table>
<tbody>
<tr>
<td>Gold ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>17.13%</td>
<td>36.65%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>17.23%</td>
<td>36.67%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>17.30%</td>
<td>36.68%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>17.18%</td>
<td>36.67%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>17.17%</td>
<td>36.36%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>17.27%</td>
<td>36.60%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>17.27%</td>
<td>36.82%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>17.17%</td>
<td>36.59%</td>
</tr>
<tr>
<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>17.31%</td>
<td>36.81%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>16.06%</td>
<td>29.46%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: As of the publication of this article, the Gold Spot US Dollar was down 0.21% at $3,116.91 per ounce. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Tuesday. The SPY was up 0.28% to $560.97, while the QQQ advanced 0.81% to $472.70, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, futures of the Dow Jones index were down 0.15%, whereas the S&amp;P 500 and Nasdaq 100 indices also dropped by 0.24% and 0.31%, respectively.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/04/44579361/charlie-mungers-top-pick-costcos-golden-touch-gold-prices-soar-58-outpacing-spy-since-it-started-selling-gold-33-months-ago" target="_blank" rel="noreferrer noopener">Charlie Munger's Top Pick Costco's Golden Touch: Gold Prices Soar 58%, Outpacing SPY Since It Started Selling Gold 33 Months Ago</a></li>
</ul>
Photo courtesy: Shutterstock

Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush

Gold surged past $3,100, setting a new intra-day high on Monday morning at $3,128 per ounce. Investors rush to safe-haven assets amid escalating trade tensions and uncertainty surrounding U.S. tariff policies, including President Donald Trump's proposed 25% tariffs on imported cars and auto parts and a new round of reciprocal tariffs set to<a target="_blank" href="https://www.benzinga.com/25/03/44502030/trump-may-slap-a-20-tariff-on-europe-yet-april-still-offers-rally-hopes-for-european-stocks" rel="noreferrer noopener"> take effect on April 2</a>.
"Tariff issues will continue driving (gold) prices higher until there is some finality to the tit-for-tat campaign," Edward Meier said per Reuters.
The yellow metal gained nearly 19% in 2025, propped by geopolitical concerns and central bank demand. Over the last 15 years, foreign ownership of US treasuries has converged with gold as a percent of central bank reserves. Treasury ownership sank from 25%, while gold reserves rose from 7% to reach the 15% mark.
As gold continues to break records, major financial institutions have revised their price forecasts upward. Goldman Sachs expects it to reach $3,300 per ounce by the end of the year, up from its previous target of $3,100.
Bank of America sees the yellow metal at <a target="_blank" href="https://www.benzinga.com/25/03/44499732/bank-of-america-sees-new-gold-as-a-buy-lifts-price-target-by-50" rel="noreferrer noopener">$3,063 per ounce in 2025 </a>and $3,350 per ounce in 2026, a significant increase from earlier projections of $2,750 and $2,625, respectively. Macquarie has similarly pointed to strong central bank demand and investor inflows as key drivers behind gold's bullish trend.
Despite silver's solid performance, it has not yet exceeded the high from last October, when it traded at $34.78 per ounce. The gold-to-silver ratio, a popular measure of metal's relative performance, has widened, reflecting gold's stronger momentum.
It now takes 91 ounces of silver to purchase one ounce of gold, suggesting <a target="_blank" href="https://www.benzinga.com/25/02/43615367/peter-schiff-predicts-silvers-explosive-catch-up-move-as-the-gold-to-silver-ratio-crosses-901-analysts-foresee-silver-prices-to-touch-38-in-2025" rel="noreferrer noopener">silver may be undervalued</a>. Historically, traders use this ratio to determine whether to favor gold or silver in their portfolios. When the ratio is high, some investors buy silver, expecting it to outperform gold in the future. Conversely, when the ratio is low, they may shift holdings into gold.
Still, pursuing this strategy doesn't require physical exchange and storage of metal. Trading the ratio is convenient through specialized ETFs that offer exposure to metals. SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) provide direct exposure to gold, while iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) is a popular option for silver investors. A trader would buy the gold ETF when the ratio is at the lower historical levels and eventually swap for a stake in silver when it gets high.
More aggressive strategies might employ leveraged ETFs like ProShares Ultra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGL#NYSE">UGL</a>) and ProShares Ultra Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGQ#NYSE">AGQ</a>), which correspond to double the daily performance of the underlying benchmark.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44544885/record-high-gold-prices-start-to-scare-some-investors-as-inflation-anchor-crumbles" target="_blank" rel="noreferrer noopener">‘My Spidey Tingles' — Gold's Surge Has Some Investors On Edge</a></li>
</ul>
Photo via Shutterstock

Politics

Media

Gold Surges Past $3,100 As Tariff Uncertainty Sets Silver Ratio Trade

<h3>Companies Reporting Before The Bell</h3>
• Curis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRIS#NASDAQ">CRIS</a>) is estimated to report quarterly loss at $1.36 per share on revenue of $2.69 million. 
• ProPhase Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) is likely to report quarterly loss at $0.24 per share on revenue of $3.77 million. 
• Synergy CHC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNYR#NASDAQ">SNYR</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $10.55 million. 
• Westport Fuel Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WPRT#NASDAQ">WPRT</a>) is estimated to report quarterly loss at $0.28 per share on revenue of $70.35 million. 
• Loar Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $102.51 million. 
• Brainstorm Cell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCLI#NASDAQ">BCLI</a>) is expected to report earnings for its fourth quarter. 
• Edible Garden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) is estimated to report quarterly loss at $9.00 per share on revenue of $4.12 million. 
• Venus Concept (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $16.98 million. 
• Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) is expected to report earnings for its fourth quarter. 
• FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) is projected to report quarterly loss at $0.84 per share on revenue of $11.61 million. 
• Sigma Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGML#NASDAQ">SGML</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $77.16 million. 
• Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) is expected to report quarterly loss at $4.38 per share on revenue of $3.06 million. 
• LM Funding America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMFA#NASDAQ">LMFA</a>) is estimated to report quarterly loss at $1.67 per share on revenue of $1.50 million. 
• Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $6.20 million. 
• BioLine Rx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLRX#NASDAQ">BLRX</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $7.72 million. 
• IM Cannabis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) is estimated to report quarterly loss at $0.39 per share on revenue of $10.43 million. 
• LanzaTech Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) is expected to report quarterly loss at $0.14 per share on revenue of $23.55 million. 
• Palvella Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVLA#NASDAQ">PVLA</a>) is likely to report earnings for its fourth quarter. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is expected to report quarterly loss at $0.15 per share on revenue of $3.80 million. 
• Chicago Atlantic BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIEN#NASDAQ">LIEN</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $11.00 million. 
• BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is likely to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) is projected to report quarterly loss at $1.80 per share on revenue of $510 thousand. 
• Local Bounti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOCL#NYSE">LOCL</a>) is expected to report quarterly loss at $3.89 per share on revenue of $10.95 million. 
• Vivos Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) is estimated to report quarterly loss at $0.43 per share on revenue of $3.89 million. 
• Siyata Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) is projected to report earnings for its fourth quarter. 
• Open Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPRO#NASDAQ">LPRO</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $24.03 million. 
• Nutex Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $81.13 million. 
• Talphera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLPH#NASDAQ">TLPH</a>) is expected to report earnings for its fourth quarter. 
• CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $2.00 million. 
• Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) is projected to report earnings for its fourth quarter. 
• Gorilla Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) is projected to report earnings for its Fiscal Year 2024. 
• Spruce Power Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPRU#NYSE">SPRU</a>) is expected to report earnings for its fourth quarter. 
• Omeros (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) is estimated to report earnings for its fourth quarter. 
• Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $92.50 million. 
• Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $3.90 million. 
• Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) is projected to report quarterly loss at $0.09 per share on revenue of $7.49 million. 
• Digi Power X (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGXX#NASDAQ">DGXX</a>) is likely to report quarterly loss at $0.12 per share on revenue of $14.30 million. 
• Rani Therapeutics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RANI#NASDAQ">RANI</a>) is projected to report earnings for its fourth quarter. 
• Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) is likely to report earnings for its fourth quarter. 
• VolitionRX (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VNRX#AMEX">VNRX</a>) is projected to report quarterly loss at $0.05 per share on revenue of $545 thousand. 
• iShares Gold Trust Shares of the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) is projected to report quarterly loss at $0.02 per share on revenue of $37.70 million. 
• i-80 Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#AMEX">IAUX</a>) is projected to report earnings for its fourth quarter. 
• Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) is expected to report earnings for its fourth quarter. 
• Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) is likely to report earnings for its fourth quarter. 
• MDB Capital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDBH#NASDAQ">MDBH</a>) is estimated to report earnings for its fourth quarter. 
• Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) is expected to report quarterly loss at $0.34 per share on revenue of $1.60 million. 
• Dare Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) is likely to report quarterly loss at $0.63 per share on revenue of $1.00 million. 
• Celcuity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELC#NASDAQ">CELC</a>) is projected to report earnings for its fourth quarter. 
• CytoSorbents (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSO#NASDAQ">CTSO</a>) is likely to report quarterly loss at $0.07 per share on revenue of $9.43 million. 
• Venu Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VENU#AMEX">VENU</a>) is expected to report earnings for its fourth quarter. 
• Alpha Cognition (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACOG#NASDAQ">ACOG</a>) is estimated to report earnings for its fourth quarter. 
• ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) is projected to report quarterly loss at $1.33 per share on revenue of $6.30 million. 
• Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) is estimated to report earnings for its fourth quarter. 
• Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) is projected to report earnings for its fourth quarter. 
• Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) is projected to report quarterly loss at $0.96 per share on revenue of $1.70 million. 
• CaliberCos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWD#NASDAQ">CWD</a>) is likely to report quarterly loss at $0.04 per share on revenue of $6.69 million. 
• Precipio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPO#NASDAQ">PRPO</a>) is expected to report earnings for its fourth quarter. 
• Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is projected to report quarterly earnings at $1.39 per share on revenue of $234.69 million. 
• PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) is likely to report quarterly earnings at $3.24 per share on revenue of $2.34 billion. 
• Invesco National AMT-Free Municipal Bond ETFo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PZA#NYSE">PZA</a>) is projected to report quarterly earnings at $0.25 per share on revenue of $168.10 million. 
• BioHarvest Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHST#NASDAQ">BHST</a>) is likely to report earnings for its fourth quarter. 
• Babcock &amp; Wilcox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) is projected to report quarterly loss at $0.01 per share on revenue of $212.30 million. 
• Bionano Genomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNGO#NASDAQ">BNGO</a>) is expected to report quarterly loss at $8.40 per share on revenue of $6.30 million. 
• Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) is likely to report earnings for its fourth quarter. 
• TechTarget (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $62.37 million. 
• Rekor Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>) is expected to report quarterly loss at $0.08 per share on revenue of $12.91 million. 
• Flexible Solutions Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSI#AMEX">FSI</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $10.83 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ACOG

AQMS

BCLI

BHST

BLRX

BNGO

BOSC

CELC

CRIS

CTSO

CXAI

DARE

DGXX

DTST

DUOT

EDBL

FTCI

GORV

GRRR

GRYP

IAUX

IDAI

IMCC

LIEN

LMFA

LNZA

LOAR

LOCL

LPRO

MDBH

MVST

NNOX

NSYS

NUTX

NVVE

OMER

PRGS

PRPH

PRPO

PVLA

PowerShares Insured Municipal Bond Portfolio

RANI

RCAT

REKR

SGML

SIDU

SNYR

SPIR

Spruce Power Holding Corporation Class A Common Stock

SPRU

SYTA

TLPH

TTGT

VATE

VENU

VERO

VNRX

VVOS

WKHS

WPRT

WRAP

XPON

Earnings Scheduled For March 31, 2025

Gold miners dominated <a target="_blank" href="https://www.benzinga.com/topic/mergers-and-acquisitions" rel="noreferrer noopener">mergers and acquisitions (M&amp;A) activity</a> in the metals and mining industry in 2024. Research by S&amp;P Global Market Intelligence found that yellow metal deals accounted for 70% of the total transaction value.
The <a target="_blank" href="https://www.spglobal.com/market-intelligence/en/news-insights/research/mining-mna-in-2024-gold-dominates-mna-space-for-2nd-consecutive-year" rel="noreferrer noopener">report</a> showed 62 gold-related transactions, compared to 47 in 2023, or a 32% growth. Although the overall deal value remained relatively close, at $26.36 billion, the $16.5 billion Newmont's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) acquisition of Newcrest was an outlier, skewing the numbers for the year before.
Most of 2024's M&amp;A occurred in two top jurisdictions, Australia and Canada. Gold's 27% surge in 2024 further incentivized acquisitions, while geopolitical risks, including the persisting conflict in Ukraine, tensions in the Middle East, and rising central bank purchases, encouraged expansions through acquisitions.
Northern Star Resources (OTCPK: NESRF) <a target="_blank" href="https://www.benzinga.com/24/12/42262825/northern-star-acquires-de-grey-for-33-billion-secures-promising-tier-1-asset" rel="noreferrer noopener">$3.26 billion acquisition</a> of De Grey Mining was the largest single transaction, consolidating ownership of one of Australia's most promising gold deposits. The number two spot went to AngloGold Ashanti's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40790433/anglogold-ashanti-to-acquire-centamin-for-2-5b-to-become-fourth-largest-gold-producer" rel="noreferrer noopener">$2.48 billion takeover</a> of Centamin, strengthening its African presence.
In contrast, despite copper's growing popularity, copper-focused M&amp;A was comparatively subdued, with 16 total deals amounting to $5.7 billion. The largest one was Lundin Mining and BHP's joint <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/40031488/bhp-to-unlock-south-american-copper-riches-partners-with-lundin-for-filo-acquisition" rel="noreferrer noopener">$3.03 billion acquisition</a> of Filo Corp. If BHP's <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">$49 billion bid for </a><a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve" rel="noreferrer noopener">Anglo American</a> had succeeded, the situation would have been vastly different.
S&amp;P's report also highlighted that while overall deal value remained stable, the absence of a $10 billion-plus megadeal meant that the average transaction size fell to $428.1 million—the lowest in five years and a 24% decline from 2023.
Large miners like Newmont sold smaller portfolio parts, focusing on top assets. At the same time, intermediate producers sought those assets to pursue margin-boosting synergies and growth necessary to break into the big leagues of producing over 1 million ounces annually.
In 2025, S&amp;P predicts further positive momentum in gold M&amp;A as metal prices bid new highs. The sector has already seen notable activity in early 2025, including Equinox Gold's $1.87 billion bid for Calibre Mining. However, <a target="_blank" href="https://www.benzinga.com/25/03/44394574/the-largest-shareholder-opposes-equinoxs-18-billion-acquisition" rel="noreferrer noopener">opposition from Equinox's top shareholder</a>, Van Eck, raises questions about whether the deal will proceed. Van Eck, who holds significant stakes in both companies, cited a lack of operational synergies as a key concern.
Gold Fields'<a target="_blank" href="https://www.benzinga.com/25/03/44458684/gruyere-power-struggle-gold-fields-surprise-offer-rejected-countermove-denied" rel="noreferrer noopener"> $2.1 billion offer</a> for Gold Road Resources announced this week was rejected as "opportunistic," with Gold Road arguing it undervalued its assets. The deal would have given Gold Fields full control over the Gruyere gold mine, but Gold Road proposed buying out Gold Fields' stake—a counteroffer that was subsequently rejected.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/03/44481208/sandstorm-gold-shares-are-up-today-whats-going-on" target="_blank" rel="noreferrer noopener">Sandstorm Gold Shares Are Up Today: What's Going On?</a></li>
</ul>
Image via Shutterstock

Asset Sales

NESRF

Gold M&A Deals Are Accelerating, But Average Deals Are Smaller, Research Shows

Equinox Gold's (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) <a target="_blank" href="https://www.benzinga.com/news/legal/25/02/43938698/equinox-gold-buys-calibre-mining-for-1-8-billion-creating-canadas-second-largest-gold-producer" rel="noreferrer noopener">$1.8 billion acquisition</a> of Calibre Mining (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CXBMF#OTC">CXBMF</a>) has hit a hurdle. A top shareholder in both companies publicly opposed the plan, citing synergy concerns.
"We are not supportive of this transaction. We don't see any synergies between any of the companies' operations," Imaru Casanova, a portfolio manager at Van Eck, said <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-18/top-calibre-investor-opposes-equinox-s-1-8-billion-takeover-bid" rel="noreferrer noopener">per</a> Bloomberg's report on Tuesday.
"Both operate in the Americas, but in vastly different locations," she clarified, arguing that the deal dilutes Calibre's quality and potential, particularly as the company advances its flagship Valentine project in Canada.
According to Bloomberg, Van Eck is the largest Calibre shareholder, holding an 8.52% stake, and the second-largest Equinox shareholder, with an 8.86%.
Equinox announced the all-stock acquisition of Calibre last month as part of its strategy to consolidate gold assets and boost annual production. Equinox operates across Canada, Mexico, Brazil, and the United States, while Calibre's assets are primarily located in the United States and Nicaragua, Bloomberg writes.
Under the proposed structure, Calibre shareholders would receive shares of Equinox instead of cash at a 22% premium. The merger aims to create a mid-tier gold producer with a combined annual output of approximately 1.2 million ounces, placing it among the top 15 global producers.
The deal-making activity is unsurprising given the record-high gold prices, which have encouraged miners to expand. Gold broke the <a target="_blank" href="https://www.benzinga.com/25/03/44325928/gold-smashes-through-3000-mark-as-markets-brace-for-turbulence-and-fed-signals" rel="noreferrer noopener">milestone price of $3,000</a> per ounce last week, driven by central bank purchases and investor demand for safe-haven assets.
Jeffrey Gundlach, CEO of DoubleLine, recently predicted that gold could reach $4,000 per ounce, citing the sharp increase in central bank buying and ongoing geopolitical risks. Meanwhile, analysts at Macquarie have raised their price target to $3,500 per ounce by the third quarter of 2025.
With gold outperforming in 2024, Equinox reported a record year. It produced 621,893 ounces of gold and generated $1.5 billion in revenue, with an operating cash flow of $430 million. Looking ahead to 2025, Equinox expects to produce between 635,000 and 750,000 ounces, with an all-in-sustaining cost (AISC) between $1,455 and $1,550 per ounce.
Thus, even using the upper AISC estimate and assuming an average realized price of $3,000 per ounce, Equinox would generate around $1.1 billion in gross profit, maintaining last year's production level, making a good acquisition a lucrative proposal.
Still, given the lack of geographical proximity to unlock the synergies, Van Eck's opposition might shape investor sentiment, as approval requires support from two-thirds of both companies' shareholders.
Price Watch: VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is up 32.81% year-to-date.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44335436/gold-etfs-shine-as-spot-price-tops-3000-during-safe-haven-demand" target="_blank" rel="noreferrer noopener">Gold ETFs Shine As Spot Price Tops $3,000 During Safe-Haven Demand</a></li>
</ul>
Image via Shutterstock

Guidance

CXBMF

Calibre Mining's Largest Shareholder Opposes Equinox's $1.8 Billion Acquisition

With market concentration concerns rising, investors are hunting for "diversification without sacrificing growth." Enter <a href="https://www.benzinga.com/topic/gold">gold &#8211; the precious metal</a> that has already smashed past $3,000 per ounce and could be heading even higher.
Gold's 2024 run has been nothing short of spectacular. The gold-tracking SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) is up about 40% over the past year. 
During an exclusive interview with Benzinga, Violeta Todorova, senior research analyst at Leverage Shares, said that the momentum is not slowing down anytime soon. "With a confluence of favourable factors such as monetary easing, central bank buying, geopolitical tensions, inflationary pressures, and strong physical demand—the outlook for gold remains strong."
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44335436/gold-etfs-shine-as-spot-price-tops-3000-during-safe-haven-demand">Gold ETFs Shine As Spot Price Tops $3,000 During Safe-Haven Demand</a>
<h2 class="wp-block-heading">Can Gold Hit $3,500 In 2025?</h2>
While equity markets remain volatile, gold's safe-haven appeal continues to strengthen. Todorova sees multiple catalysts for further gains. "Amid the uncertainties of 2025, gold is likely to remain a cornerstone of wealth preservation and portfolio diversification." 
And just how high can it go? "The precious metal is likely to extend its rally to $3,500 per ounce; however, it could reach higher levels by the end of the year," she told Benzinga.
Meanwhile, gold ETFs are set to benefit as investors seek protection from ongoing market swings. Todorova expects "increased inflows" into gold funds as more investors turn to safety plays. The GLD, the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) and the SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) offer exposure to gold.
<h2 class="wp-block-heading">The Bigger Picture for Investors</h2>
With uncertainty gripping the market, investors are reevaluating their portfolios. While tech stocks have driven past bull markets, gold's latest surge suggests a shift in sentiment. The GLD is already up 13.82% YTD, the IAU has gained 13.85% and the GLDM has gained 13.87% so far this year.
As 2025 unfolds, the question isn't just whether gold will hit $3,500 &#8211; it's whether investors will pivot in time to ride the wave.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44148667/a-benzinga-debate-on-federal-reserve-assets-our-contributors-speak-on-gold-bitcoin">Gold vs. Bitcoin: Which Is The Better Reserve Asset And Why? Experts Weigh In&#8230;</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Exclusives

Trading Ideas

Interview

EXCLUSIVE: Expert Sees Gold At $3,500 As Rally Picks Up Steam, 'Diversification Without Sacrificing Growth' She Says

Gold hit a fresh record high on Thursday, with spot gold <a href="https://www.benzinga.com/25/03/44325928/gold-smashes-through-3000-mark-as-markets-brace-for-turbulence-and-fed-signals">crossing $3,000 per ounce</a>, up 1.8%. It has surged 13% in 2025, outperforming all major asset classes. On Friday, spot gold pared some of the gains and was trading at $2,982.73 as of 11:50 a.m. EST.
Needless to say, <a href="https://www.benzinga.com/etfs">gold ETFs</a>, which offer investors exposure to gold without owning the metal, have gained from this rally. Some top-performing gold ETFs include:
SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>): Tracks spot gold prices closely and has an expense ratio of 0.4%. It has risen 12% year-to-date, illustrating the strong demand for gold as a safe-haven asset.
iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>): Follows the performance of the price of gold bullion. It carries an expense ratio of 0.25%. The ETF has climbed 12% YTD, closely mirroring gold's price action.
VanEck Vectors Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>): Focuses on gold mining stocks and carries an expense ratio of 0.5%. The ETF has gained 23.5% YTD, benefiting from rising gold prices and improved miner profitability.
VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>): Targets smaller, high-growth mining firms. The ETF has surged 22.8% YTD as speculative interest in smaller miners has picked up.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44331708/billionaire-hedge-funder-adds-mining-stocks-before-gold-makes-record-highs-gold-will-go-up-paulson-says">Billionaire Hedge Funder Adds Mining Stocks Before Gold Makes Record-Highs: &#8216;Gold Will Go Up,&#8217; Paulson Says</a>
<h1 class="wp-block-heading">Surging Gold ETF Inflows</h1>
Investor interest in gold ETFs is on the rise. The World Gold Council <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2025/03">reported </a>recently that global physically-backed gold ETFs saw $9.4 billion in inflows in February, the highest since March 2022. This marks three consecutive months of strong inflows, pushing total assets under management (AUM) to $306 billion. Holdings have also risen to 3,353 tonnes, the highest since July 2023. 
North American flows rebounded after two months of outflows, while Asian demand remained strong and European inflows narrowed. 
<h1 class="wp-block-heading">Why Is Gold Soaring?</h1>
Simply, economic uncertainty and geopolitical risks are driving gold's rally.
President Donald Trump's administration has reignited trade war fears by threatening tariffs. The <a href="https://www.benzinga.com/government/regulations/25/03/44308014/gold-hits-record-highs-as-trade-war-fears-fuel-safe-haven-demand-mining-stocks-soar">Atlanta Federal Reserve's GDPNow model projects</a> a 2.4% contraction for the U.S. economy in the first quarter of 2025, and JPMorgan raised the probability of a recession to 40%.
A key unknown factor is also influencing gold prices. 
"A large and unknown player is driving gold's recent rally," said Ross Norman, CEO of Metals Daily Ltd., speculating that this could explain the unusual movements in gold prices.
Macquarie Group analysts are bullish, forecasting gold at $3,500 per ounce by the third quarter. "We view gold's price strength to date, and our expectation for it to continue, as primarily being driven by investors' and official institutions' greater willingness to pay for its lack of credit or counterparty risk," Macquarie wrote.
With trade tensions, recession fears and global uncertainty, demand for gold, and naturally, gold ETFs, is expected to stay strong. As price targets rise, investors seeking a hedge against volatility may find gold ETFs a compelling option.
Read Next: 
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<li><a href="https://www.benzinga.com/25/03/44332599/exclusive-what-industry-experts-are-saying-about-the-openai-oracle-nvidias-100b-stargate-project-etfs-that-stand-">Exclusive: What Industry Experts Are Saying About OpenAI-Oracle-Nvidia&#8217;s $100-Billion Stargate Project &amp; ETFs That Stand To Gain</a></li>
</ul>
Photo: Shutterstock

Gold ETFs Shine As Spot Price Tops $3,000 During Safe-Haven Demand

With President Donald Trump's trade war rhetoric reaching new heights, <a href="https://www.benzinga.com/topic/gold">gold has emerged</a> as the go-to asset for savvy investors. 
Its 7% surge since his inauguration and <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43728557/time-to-lock-in-gold-gains">recent record highs</a> make it the ultimate "Trump trade" of 2025. But for U.S. investors, this golden rally presents a unique opportunity to profit, not just from the metal itself but from a selection of stocks and ETFs poised to benefit.
<h2 class="wp-block-heading">Gold's Bullish Surge: Why It's Happening</h2>
Gold's rally isn't just fueled by political uncertainty. Trump's aggressive tariff policies are creating inflationary pressures, and as global growth slows, gold acts as a safe-haven. 
Central banks and traders are shifting their focus to the yellow metal, further driving up its value. 
Analysts are now targeting $3,000 per ounce, with UBS and Citigroup revising their forecasts upward, <a href="https://www.ft.com/content/fb53df86-c6f0-4550-ab84-222b3a6282f4">reported</a> Financial Times.
Read Also: <a href="https://www.benzinga.com/25/02/43710503/bank-of-america-sees-gold-hitting-3500-as-demand-surges-on-increased-policy-tensions">Gold Could Reach $3,500 As Demand Rises On &#8216;Increased Policy Tensions,&#8217; Says Bank of America</a>
<h2 class="wp-block-heading">Top Gold ETFs To Consider</h2>
For those looking to capitalize on gold's rally without holding the physical asset, ETFs offer a convenient route:
<ul>
<li>SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>): The largest gold ETF in the world, GLD tracks the price of gold bullion and is a reliable option for investors looking to ride the surge.</li>
<li>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>): Another solid choice, IAU provides a lower-cost way to gain exposure to gold's movements.</li>
<li>VanEck Vectors Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>): GDX targets gold mining companies, which are expected to see growth as gold prices rise.</li>
</ul>
<h2 class="wp-block-heading">Gold Stocks Set To Benefit From Trump Trade</h2>
For those willing to venture into individual stocks, gold mining companies offer an even more leveraged play on the precious metal's climb:
<ul>
<li>Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>): The world's second-largest gold miner, Barrick is benefiting from the surge in gold prices, with strong earnings expected to follow.</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>): As the largest gold producer in the U.S., Newmont stands to profit from the rising price of gold and growing demand for safe-haven assets.</li>
<li>Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>): Another player to watch, Kinross has seen its stock price benefit from higher gold prices, making it a solid addition to the gold-investment portfolio.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/02/43689153/kinross-gold-delivers-record-breaking-2024-reaffirms-stable-production-output">Kinross Gold Delivers Record-Breaking 2024, Reaffirms Stable Production Output</a>
<h2 class="wp-block-heading">Takeaway For U.S. Investors</h2>
Gold's status as the ultimate hedge against trade tensions and inflation means U.S. investors should be taking a closer look at gold stocks and ETFs. 
With gold prices expected to continue rising, these assets offer an opportunity to capitalize on what looks to be a long-term trend.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43672890/barrick-gold-shares-gain-after-q4-earnings-and-new-1-billion-buyback-program">Barrick Gold Shares Gain After Q4 Earnings And New $1 Billion Buyback Program</a></li>
</ul>
Image: Shutterstock

GOLD

Gold Soars as 'Trump Trade' of 2025: What Investors Should Know

<a href="https://www.benzinga.com/topic/gold">Gold prices surged</a> to near three-month highs this week, with spot gold reaching $2,755.2 per ounce on Jan. 22, just below its record peak of $2,790.15 from Oct. 31, 2024.
What Happened: As President Donald Trump's tariff announcements reverberate through global markets, gold, often seen as a safe haven during uncertain times, has reclaimed the spotlight. Two of the <a href="https://www.benzinga.com/etfs">most prominent ETFs</a>, SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) offer exposure to gold with different features to suit various investor profiles.
Both ETFs use the same benchmark: the LBMA (London Bullion Market Association) Gold Market Fixing Price PM Index.
The SPDR Gold Shares ETF is priced at around $244 per share with a 0.40% expense ratio. The ETF appeals to investors seeking high liquidity and trust in a well-established product. Trading volume of the ETF is hefty, making it especially attractive for frequent traders. However, its higher expense ratio and market price may deter cost-conscious retail investors.
The iShares Gold Trust ETF, on the other hand, is priced at around $50 per share with a lower 0.25% expense ratio. It offers a more economical entry point for gold investors. Although no match for GLD&#8217;s trading volume, IAU is still highly liquid and considered a viable choice for retail investors.
See Also: <a href="https://www.benzinga.com/news/large-cap/25/01/43137560/golds-blowout-rally-puts-spotlight-on-miners-will-they-finally-catch-up">Gold&#8217;s Blowout Rally Puts Spotlight On Miners: Will They Finally Catch Up?</a> 
Why It Matters: The rally is fueled by a weaker dollar and growing uncertainty surrounding Trump's proposed policies, including sweeping tariffs. Some investors fear his decisions will trigger trade wars and heighten market volatility.
Gold, as ever, remains a safe bet for risk-averse investors. While physical bullion remains a traditional choice, its limitations— such as storage costs, premiums, and liquidity challenges — make gold ETFs a more practical alternative for modern investors.
Although gold prices pulled back slightly today, it is possible that this is due to traders booking profits after the sharp ascent, and the movement is still bullish for the metal.
A walk down the memory lane shows us that gold has historically thrived during Trump&#8217;s presidency. When he assumed office in 2017, gold prices were near $1,200 per ounce, soaring to $1,957 per ounce by January 2021, as pointed out in a report in FXEmpire.
Now, in Trump's second term, the &#8220;Tariff Man&#8221; — a self-proclamation he made during his first term — is <a href="https://www.benzinga.com/government/regulations/25/01/43162941/trumps-second-term-sparks-market-jitters-with-trade-regulation-expansion-plans">introducing aggressive policies</a>, further stoking uncertainty. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#8230;.I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1069970500535902208?ref_src=twsrc%5Etfw">December 4, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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His proposals to impose 25% tariffs on Mexico and Canada by Feb. 1 and to levy a <a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/01/43130930/trump-looking-at-10-tariff-on-china-starting-feb-1">10% tariff on Chinese imports</a> could impact global trade dynamics.
Just an example of why the markets are volatile, Canada is one of the world's largest producers of gold and a GSC Commodity Intelligence study revealed that the U.S. is the world&#8217;s largest importer of Canadian gold. A 25% tariff on imports from Canada might impact overall U.S. imports. See Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/01/43159032/defiance-quantum-etf-hits-1-billion-milestone-as-ceo-talks-future-of-industry">Defiance Quantum ETF Hits $1 Billion Milestone As CEO Talks Future Of Industry</a></li>
</ul>
Photo: Shutterstock

SPDR Gold Shares Vs. iShares Gold Trust: Two Shiny ETFs In Focus As 'Tariff Man' Trump Fuels Uncertainty

Goldman Sachs has postponed its projection for gold prices to hit $3,000 per ounce, shifting the timeline from early 2026 to mid-2026. The investment bank adjusted its expectations from the Federal Reserve, as tighter-than-expected monetary policy would influence <a target="_blank" href="https://www.benzinga.com/topic/gold" rel="noreferrer noopener">gold prices</a>.
Goldman analysts Lina Thomas and Daan Struyven forecast gold to reach $2,910 per ounce by the end of the year. The bank's economists now anticipate 75 basis points of rate cuts in 2025, down from the previously expected 100 basis points.
"Opposing forces — lower speculative demand and structurally higher central bank buying — have effectively offset each other, keeping gold prices range-bound over the past few months," they said in a note per Bloomberg's <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-01-06/goldman-pushes-back-3-000-gold-forecast-on-fewer-us-rate-cuts" rel="noreferrer noopener">report</a>, attributing the long-term demand to central banks buying appetite.
"Looking ahead, we forecast monthly purchases to average 38 tons through mid-2026," they stated.
Gold delivered a <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/12/42502069/gold-poised-for-its-best-year-in-a-decade-while-bitcoin-surges-analysts-eye-2025-as-a-golden-era-for-precious-metal-amid-michael-saylors-push-for-btc-as-a-reserve-asset" rel="noreferrer noopener">robust performance</a> in 2024, gaining 27% due to monetary easing, central bank purchases, and lingering inflation fears. However, the rally lost momentum in late 2024 as the U.S. dollar strengthened following the election-driven optimism.
Still, the U.S. is finding other ways to take advantage of higher-for-longer gold prices. President Joe Biden just approved the final permit for the Stibnite Project in Idaho, a mining initiative led by Perpetua Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>) and backed by billionaire investor John Paulson.
This project could supply more than 35% of the U.S. demand for antimony, a critical mineral essential for solar panels, flame retardants and military equipment, while also producing around 450,000 ounces of gold annually.
Although the project cost around $1.3 billion in 2020, the final number will be higher. Accounted reserves include 148 million pounds of antimony and 6 million ounces of gold, and production is set for 2028.
Antimony prices surged in 2024, rising over 200% and over 40% in a single day after China issued an <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42294914/mp-materials-are-on-the-rise-today-whats-going-on" rel="noreferrer noopener">export ban</a> on December 3.&nbsp;However, extreme price volatility and control over the market (China accounted for 48% of<a target="_blank" href="https://www.csis.org/analysis/chinas-antimony-export-restrictions-impact-us-national-security" rel="noreferrer noopener"> global production</a> and 63% of U.S. imports in 2023) are risky for producers.
Thus, the dual output of gold and antimony offers financial resilience, reducing dependence and insulating the project from external price fluctuations.&nbsp;
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42783039/kobold-metals-raises-537-million-targets-going-public-within-a-few-years" target="_blank" rel="noreferrer noopener">Bill Gates And Jeff Bezos Backed Mining Startup Raises $537 Million, Targets Going Public In Few Years</a></li>
</ul>
Image via Shutterstock

PPTA

Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025

Rolex SA, the Swiss luxury watchmaker, has raised prices on several of its models following an upswing in gold prices in 2024, <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-01-02/rolex-kicks-off-2025-by-hiking-watch-prices-after-gold-soars?srnd=phx-industries&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a> reported.
According to the report, the price of the yellow gold Day-Date and yellow gold GMT-Master II has increased by almost 8% to 44,200 euros and 44,600 euros, respectively.
The price hikes follow gold&#8217;s remarkable 27% gain in 2024, reflecting its role as a safe-haven asset that remains prominent amid global economic uncertainties and geopolitical tensions.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/12/42666501/starbucks-faces-major-strike-on-christmas-eve-300-locations-affected-as-5000-workers-walk-out" rel="noreferrer noopener">Starbucks Faces Major Strike On Christmas Eve: 300+ Locations Affected As 5,000 Workers Walk Out</a>
While Rolex traditionally adjusts prices at the beginning of the year, this year&#8217;s changes surpass the 4% increases seen for some of its models in the beginning of 2024, Bloomberg noted.
According to a report, the gold prices are expected to continue their upward trajectory and reach $2,795 per troy ounce by the end of 2025, a <a target="_blank" href="https://www.benzinga.com/markets/commodities/25/01/42759408/gold-prices-to-climb-7-in-2025-amid-trumps-return-to-white-house-and-geopolitical-tensions-momentum-is-taking-back-over" rel="noreferrer noopener">7% increase from current levels</a>.
Central banks are likely to drive demand as they diversify reserves in the midst of geopolitical uncertainties.
Key drivers of the expected increase include central banks&#8217; diversification away from the U.S. dollar following sanctions on Russia, anticipated interest rate cuts by the U.S. Federal Reserve, and rising concerns about U.S. <a target="_blank" href="https://www.benzinga.com/24/12/42594797/trump-wants-to-get-rid-of-the-debt-ceiling-30-year-treasury-bonds-fall-to-2024-lows-stocks-cut-gains" rel="noreferrer noopener">government debt</a> under President-elect&nbsp;Donald Trump.
As per&nbsp;<a target="_blank" href="https://pro.benzinga.com/" rel="noreferrer noopener">Benzinga Pro</a>, gold ETFs have increased in the past year as of Tuesday, 31st Dec.&nbsp;SPDR&nbsp;Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) was up by 26.85%,&nbsp;iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) rose by 26.85%, and&nbsp;abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>) was up by 26.90%.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42729529/social-media-stocks-react-as-trump-targets-censorship-and-delays-tiktok-ban" target="_blank" rel="noreferrer noopener">Trump Administration to Challenge Social Media Censorship, Setting Stage for Conflict with EU Regulations</a></li>
</ul>
Photo by panlertb via Shutterstock

Gold Price Surge Pushes Rolex to Raise Prices for Iconic Watches

Gold prices are expected to continue their upward trajectory in 2025, though at a slower pace compared to last year's remarkable 27% rally. Analysts anticipate a 7% increase from current levels by the end of the year, signaling a more moderate yet steady rise.
What Happened: Wall Street analysts project that gold prices will climb to about $2,795 per troy ounce by the end of 2025, a 7% increase from current levels, Financial Times <a href="https://www.ft.com/content/9fa96c1d-03f2-4d25-9644-b29ae19407aa">reported</a> on Thursday. This forecast comes on the heels of significant central bank purchases, which saw global institutions buy 694 tonnes of gold in the first nine months of 2024.
Key drivers of the expected increase include central banks' diversification away from the U.S. dollar following sanctions on Russia, anticipated interest rate cuts by the U.S. Federal Reserve, and rising concerns about U.S. government debt under President-elect Donald Trump.
Henrik Marx, global head of trading at Heraeus Precious Metals, said, &#8220;Whatever he announces will increase debt, leading to a weaker dollar and increased inflation. That is usually a nice mixture for gold."
 Geopolitical tensions in the Middle East and Ukraine are also contributing to the bullish outlook for gold.
See Also: <a href="https://www.benzinga.com/tech/25/01/42757901/elon-musk-fireworks-or-explosive-device-caused-fatal-cybertruck-incident-at-las-vegas-trump-hotel-vehicle-was-rented">Elon Musk: Fireworks Or Explosive Device Caused Fatal Cybertruck Incident At Las Vegas Trump Hotel; Vehicle Was Rented</a>
Notably, Goldman Sachs has issued the most optimistic forecast, expecting prices to hit $3,000 per troy ounce by year's end. Meanwhile, Barclays and Macquarie have issued more conservative projections, predicting a drop to approximately $2,500 per troy ounce, a 4% decline from current levels. 
"Momentum is taking back over, combined with geopolitical tensions, which is going to add more fuel to the fire," said Michael Haigh, head of commodities research at Société Générale. Haigh predicts that gold prices could reach $2,900 per troy ounce by the end of 2025.
Why It Matters: Gold's role as a safe-haven asset remains prominent amid global economic uncertainties and geopolitical tensions. Central banks have been increasingly diversifying their reserves, moving away from the dollar to mitigate risks. The World Gold Council has described this year's growth as "positive but much more modest" compared to 2024.
However, the rise of alternative assets like Bitcoin ETFs is also reshaping the investment landscape. Investors are exploring new <a href="https://www.benzinga.com/etfs/currency-etfs/24/12/42750554/golds-shine-fades-as-bitcoin-etfs-rise-the-new-safe-haven-champion">safe-haven options</a>, potentially challenging gold's dominance in this space. The interplay between traditional and emerging assets will be a critical trend to watch in 2025.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, gold ETFs have increased in the past one year, as of Tuesday, 31st Dec. SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) was up by 26.85%, iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) was rose by 26.85% and abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>) was up by 26.90%. Meanwhile, Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) fell by 14.32% over the year, Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) dropped by 10% while Royal Gold, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) increased by 9%.
Read Also: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42757978/bitcoin-ethereum-dogecoin-begin-new-year-on-a-healthy-note-analyst-says-this-blue-chip-crypto-can-witness-good-amount-of-action-in-early-2025">Bitcoin, Ethereum, Dogecoin Begin New Year On A Healthy Note: Analyst Says This Blue Chip Crypto Can Witness &#8216;Good Amount Of Action&#8217; In Early 2025</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

RGLD

Gold Prices To Climb 7% In 2025 Amid Trump's Return To White House And Geopolitical Tensions: 'Momentum Is Taking Back Over'

For decades, gold has been the go-to choice for safe investing. Whatever the condition of the economy, investors relied on the yellow metal as the ultimate store of value. This has not changed and people have always used it to store value, no matter the economy&#8217;s condition or the stability of <a href="https://www.benzinga.com/markets">the markets</a>.
The landscape is shifting. Gold may face strong competition from Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), particularly through Bitcoin-focused exchange-traded funds. The competition has perhaps been best illustrated through the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).
<h4 class="wp-block-heading">The Rise Of IBIT</h4>
IBIT was launched in January 2024 and in under a year, it has grossed almost $50 billion in assets under management.
This steep climb is not only remarkable, but unprecedented. The Bitcoin Investment Trust&#8217;s asset management business surpassed the established leaders in the market: BlackRock's iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) and the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), which is the largest gold ETF globally. This milestone makes one thing clear: Bitcoin is no longer viewed as just another speculative bubble.
See Also: <a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">Blackrock&#8217;s Bitcoin Fund Breaks Records With Historic ETF Launch—Will It Surpass The World&#8217;s Biggest Gold ETF In January?</a>
<h4 class="wp-block-heading">Shifting Preferences: The Role Of Younger Investors</h4>
Here's the thing: Bitcoin's rise isn't just about numbers; it's about people—specifically, younger investors. For millennials and Gen Z, Bitcoin represents more than just an asset. It's about decentralization, innovation, and staying ahead in a tech-driven world. Gold, on the other hand? Many in these generations see it as old-school.
"Younger investors see Bitcoin as ‘digital gold,' a natural evolution of what gold represented for previous generations," Nate Geraci, president of The ETF Store, <a href="https://www.bloomberg.com/news/articles/2024-12-30/blackrock-s-bitcoin-fund-became-greatest-launch-in-etf-history?embedded-checkout=true">told </a>Bloomberg. "The ease of trading Bitcoin ETFs and the high returns they've delivered have only solidified their appeal."
<h4 class="wp-block-heading">Bitcoin's Growing Utility As Store Of Value</h4>
Let's talk about why Bitcoin is pulling ahead. Unlike gold, Bitcoin has a finite supply of 21 million coins, which adds to its appeal as a store of value. And with ETFs like IBIT, Bitcoin has become accessible to both retail and institutional investors.
Compare that to gold. While it's a proven store of value, its physical nature poses challenges like storage and transportation. In a fast-paced, digital-first investment world, those can feel like big drawbacks.
Interestingly, the Bitcoin-to-gold ratio, which compares Bitcoin's value to an ounce of gold, reached an all-time high of 40 on Dec. 16. This highlights Bitcoin's increasing price, which recently crossed $108,000, while gold remains around $2,650 per ounce. The ratio underscores Bitcoin's growing prominence as a financial asset and its ability to challenge gold's traditional role as a safe haven.
<h4 class="wp-block-heading">The Ripple Effect On Gold ETFs</h4>
This isn't to say gold ETFs are losing their shine entirely. They're still a staple for many portfolios. But the numbers tell a story: Bitcoin-focused ETFs like IBIT and Fidelity's offering are starting to attract more net inflows than traditional gold funds.
If the trend continues, analysts predict IBIT could soon rival — or even surpass — GLD in AUM. That would be a seismic shift in the hierarchy of safe-haven investments.
<h4 class="wp-block-heading">What the Future Holds For Safe-Haven Investing</h4>
So, what's next? The competition between Bitcoin and gold ETFs marks a pivotal moment in investing. Gold's legacy ensures it'll remain relevant, but Bitcoin's rapid adoption shows that digital assets are becoming a cornerstone of modern portfolios.
The approval of Bitcoin spot ETFs in 2024 has further signaled regulatory acceptance, setting the stage for future crypto products. "Younger investors want assets that align with their digital-first lifestyles," says Geraci. "As Bitcoin becomes more mainstream, its role as a safe-haven asset will only grow."
For now, the rivalry between Bitcoin and gold is about more than just returns. It's a battle between tradition and innovation, one that's shaping the future of investing in real-time.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/previews/24/12/42745852/tesla-q4-delivery-preview-will-2024-stock-gains-hold-as-growth-slows">Tesla Q4 Delivery Preview: Will 2024 Stock Gains Hold As Growth Slows?</a></li>
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Photo: Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

New ETFs

Currency ETFs

$BTC

IBIT

Gold's Shine Fades As Bitcoin ETFs Rise: The New Safe-Haven Champion?

The iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) by&nbsp;BlackRock Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), which debuted earlier this year, has become the most successful exchange-traded fund launch in history, a report said Monday.
What Happened:&nbsp;The investment vehicle, which tracks the spot price of the world&#8217;s biggest cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), exceeded $50 billion in assets under management within its debut year, an unprecedented feat in the 30-year history of ETFs, <a href="https://www.bloomberg.com/news/articles/2024-12-30/blackrock-s-bitcoin-fund-became-greatest-launch-in-etf-history">according </a>to Bloomberg. 
IBIT clocked the $50 billion mark five times faster than the next quickest ETF, BlackRock&#8217;s&nbsp;own iShares Core MSCI EAFE&nbsp;ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEFA#BATS">IEFA</a>), which took nearly four&nbsp;years to achieve the same&nbsp;milestone, Bloomberg ETF&nbsp;analyst Eric Balchunas stated recently.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IBIT</a> is now over $50b. It took it 228 days to reach this milestone, the next fastest ETF to reach 50b was <a href="https://twitter.com/search?q=%24IEFA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IEFA</a> in 1,329 days. So over 5x faster than any ETF ever launched. Ridiculous. h/t <a href="https://twitter.com/JackiWang17?ref_src=twsrc%5Etfw">@JackiWang17</a> for the data <a href="https://t.co/K9vRfAir8U">https://t.co/K9vRfAir8U</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1864476749792166370?ref_src=twsrc%5Etfw">December 5, 2024</a></blockquote>
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IBIT also held more assets than BlackRock&#8217;s Gold ETF, namely, iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>), as of this writing. Balchunas saw a strong possibility of IBIT beating SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), the world&#8217;s biggest gold ETF, as early as Jan. 11 to become the &#8220;king of store of value ETFs.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">And near lock that <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IBIT</a> passes <a href="https://twitter.com/search?q=%24GLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GLD</a> as the king of store of value ETFs, curr has 78% of GLD&#39;s assets, there&#39;s even outside chance it does it by Jan 11th within its first year. Another crazy feat a la this fastest ETFs to $50b chart: <a href="https://t.co/lkvRKv5lOB">pic.twitter.com/lkvRKv5lOB</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1869734468048900448?ref_src=twsrc%5Etfw">December 19, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42735623/trump-backed-platforms-pick-years-chart-topper-6-new-cryptos-added-to-grayscales-top-20-list-with-growth-potential-in-q1-2025">Trump-Backed Platform&#8217;s Pick, Year&#8217;s Chart Topper: 6 New Cryptos Added To Grayscale&#8217;s &#8216;Top 20&#8217; List With Growth Potential In Q1 2025</a>
Why It Matters:&nbsp;This record-breaking performance by IBIT occurred in a momentous year when spot cryptocurrency ETFs made their debut on Wall Street. 
As many as 12 spot ETFs were listed early in January, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42715516/from-trumps-win-to-debut-of-spot-etfs-these-were-the-biggest-bullish-catalysts-for-bitcoin-in-2024">serving as key drivers</a> for Bitcoin&#8217;s record surge beyond $100,000. 
While still far behind, Balchunas felt <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42666635/blackrocks-bitcoin-etf-could-outshine-sp-500-tracking-spy-to-become-top-investment-vehicle-but-it-will-take-a-long-time-says-prominent-analyst">IBIT could exceed</a> SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the oldest and largest ETF in the U.S. with $637 billion in AUM, but warned that the process would take time.
Price Action: Shares of IBIT closed 0.24% lower at $53.55 during Monday's regular session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. As of this writing, Bitcoin exchanged hands at $93,940.67, up 0.22% in the last 24 hours.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42736733/nba-star-scottie-pippens-satoshi-nakamoto-delivered-bitcoin-forecasts-have-been-fairly-accurate-says-financial-analyst">NBA Star Scottie Pippen&#8217;s &#8216;Satoshi Nakamoto-Delivered&#8217; Bitcoin Forecasts Fairly Accurate, Says Financial Analyst</a></li>
</ul>
Photo courtesy: Shutterstock

IEFA

Blackrock's Bitcoin Fund Breaks Records With Historic ETF Launch—Will It Surpass The World's Biggest Gold ETF In January?

As the global commodity market braces for a challenging 2025,&nbsp;ING Group NV&nbsp;forecasts a bullish outlook for gold amid potential trade tensions between the U.S. and China.
What Happened: ING Group NV&nbsp;anticipates a difficult year for commodities in 2025, driven by possible trade tensions between the United States and China. Despite this, gold is expected to maintain its status as a safe haven, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-12/gold-will-shine-in-bearish-year-ahead-for-commodities-ing-says">reported</a> on Thursday.
The report indicates that President-elect&nbsp;Donald Trump&#8216;s proposed tariffs could disrupt markets, impacting oil, metals, and agriculture. Traders are also monitoring China&#8217;s stimulus measures, which could affect consumption.&nbsp;Warren Patterson&nbsp;and&nbsp;Ewa Manthey&nbsp;from ING noted that the commodity sector might face downward pressure with balanced supply and demand.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a> 
Gold is projected to continue its record-breaking trend,&nbsp;with prices averaging $2,760 an&nbsp;ounce in 2025. Central banks are likely to drive demand as they diversify reserves amid geopolitical tensions.&nbsp;The outlook for industrial metals&nbsp;remains uncertain, with factors like trade policies and Chinese demand influencing prices. Copper is predicted&nbsp;to average $8,900 a ton, while grains and soft commodities face volatility due to trade disputes and weather concerns.
Why It Matters: The anticipated performance of gold aligns with earlier <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41810728/jpmorgan-predicts-strong-performance-for-bitcoin-and-gold-under-trump-presidency">predictions by&nbsp;JPMorgan</a>, which foresaw significant gains for both Bitcoin and gold following Trump&#8217;s presidential win. This is attributed to a &#8220;debasement trade,&#8221; where assets like gold are seen as reliable stores of value amid currency devaluation.
Despite the chaotic metals market post-Trump&#8217;s re-election,&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41877899/trump-re-election-jolts-metals-market-as-gold-sees-a-stumble-not-a-sea-change">JPMorgan&#8217;s Commodities Research team</a>&nbsp;emphasized that gold&#8217;s recent fluctuations are merely a &#8220;stumble, not a sea change.&#8221; Meanwhile, some voices, like&nbsp;Michael Saylor, advocate for a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42413650/michael-saylor-urges-us-to-ditch-gold-for-bitcoin-sell-the-past-own-the-future">shift towards Bitcoin</a>, labeling gold as outdated. However, gold&#8217;s enduring appeal as a safe haven remains significant amidst geopolitical uncertainties.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Gold ETFs have been experiencing an upward tick after Trump&#8217;s win in the 2024 elections. SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) increased by 4.54% while iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) rose by 4.52%. VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) witnessed an 8.25% rise in the past month while VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) rose by 10.57%.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Gold To Shine Bright In 2025 As Top Investment Bank Predicts Bullish Outlook Amid Trade Tensions

금 가격은 글로벌 시장의 불확실성 속에서 최고치를 경신하고 있지만, 일부 전문가들은 이러한 금 강세 속에서 심각한 조정이 다가올 수 있다고 지적했다.
무슨 일 있었나: 금 현물 미국 달러가 온스당 3,357.81달러로 최고치를 경신하고 3,300달러 위에서 거래되고 있지만, 전문가들은 이러한 상승세에 대해 경고하기 시작했다.
NorthstarBadcharts.com의 공동 설립자인 패트릭 카림에 따르면, 금은 강세장 내에서도 조정을 겪는다.
그가 공유한 데이터에 따르면 금 가격은 1974년 12월부터 1976년 8월까지 48%, 2008년 3월부터 2008년 10월까지 33%, 2020년 8월부터 2022년 9월까지 22% 이상 조정된 것으로 나타났다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
I know, gold bulls don&#39;t want to read this right now&#8230;
But even during bull markets, gold had these corrections:
Dec 1974 to Aug 1976, drop over 48%. Mar 2008 to Oct 2008, drop over 33%. Aug 2020 to Sep 2022, drop over 22%.
Same setup now with price historically stretched. <a href="https://t.co/FgRd6uJh6D">pic.twitter.com/FgRd6uJh6D</a>
&mdash; Patrick Karim (@badcharts1) <a href="https://twitter.com/badcharts1/status/1912633618435887502?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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한편, 카르도네 캐피털(Cardone Capital)의 그랜트 카르도네 CEO는 이렇게 말했다 "금은 불황에 빠진 것처럼 움직임을 보인다. 가격이 훅 떨어질 것이다.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
gold acting like we in depression. Rates will drop like rock &#x2b07;&#xFE0F; <a href="https://t.co/zy09KAdhYd">pic.twitter.com/zy09KAdhYd</a>
&mdash; Grant Cardone (@GrantCardone) <a href="https://twitter.com/GrantCardone/status/1912618410497782149?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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크리에이티브 플래닝의 찰리 빌렐로가 공유한 데이터에 따르면, 인플레이션 조정 금 가격은 45년 만에 다시 사상 최고치를 기록해 1980년의 최고치를 넘어섰다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
It took 45 years to get there, but inflation-adjusted Gold prices are back at an all-time high, surpassing the prior peak from 1980. <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a><a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/bXWisvrl3c">pic.twitter.com/bXWisvrl3c</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912558536573268362?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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경제학자 모하메드 엘 에리언은 금 상승은 일부 외국 중앙은행 등이 느리지만 꾸준히 달러화에서 벗어난 다변화의 결과라고 말했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The price of gold registered another record high today, overcoming yet another periodic round of profit-taking by some tactical traders — this as it benefits from the tailwind of slow and steady diversification away from the dollar by some foreign central banks and others.<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>… <a href="https://t.co/MKDnxZddv0">pic.twitter.com/MKDnxZddv0</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1912523089557987357?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
이는 &#8216;달러 격변: 이번에는 다르다&#8217;라는 제목의 연구에서도 확인되었다. 5명의 전문가가 작성한 이 메모는 투자자들이 "(i) 국채뿐만 아니라 달러의 안전성에 의문을 제기하고 있으며, (ii) 이러한 변화가 장기적으로 지속될 것으로 인식하고 있다"고 결론지었다.
"일반적으로 글로벌 변동성이 커지면&#8230; 달러화 표시 자산이 안전자산으로 이동하면서 달러 가치가 상승한다. 하지만 이번에는 그렇지 않다.&#8221;
따라서 투자자들이 미국 국채인 달러화보다 안전자산인 금을 선호한 것이 분명하다.
왜 중요한가: 금 현물 미국 달러 가격은 2024년 12월 31일 온스당 2,623.81달러에서 현재 3,332.16달러로 27% 상승했다.
지난 25년 동안의 데이터와 비교하면 금 가격은 1999년 12월 31일의 288.25달러에서 1056% 급등했다. 이에 비해 S&amp;P 500 지수는 1999년 12월 31일 1,469.25포인트에서 수요일 종가 기준 5,275.70포인트로 259.1% 상승했다.
금 가격은 연초 대비 126.5% 상승한 1979년 이후 최고의 한 해를 기록할 것으로 예상된다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Gold hit another all-time high today and is now up over 27% in 2025. On pace for its best year since 1979.<a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/qrnwssFL0X">pic.twitter.com/qrnwssFL0X</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912676841199935975?ref_src=twsrc%5Etfw">April 17, 2025</a></blockquote>
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가격 움직임: 금 가격은 기사 작성 기준으로 0.54% 하락한 3,332.16달러를 기록했다. 이번 상승장에서 금 추종 ETF도 좋은 성과를 보였다.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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</figure>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>금 ETF</td>
<td>연초 대비 실적</td>
<td>1년 실적</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>25.78%</td>
<td>40.86%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>25.37%</td>
<td>40.32%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>25.42%</td>
<td>40.40%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>25.24%</td>
<td>40.15%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>25.28%</td>
<td>40.02%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>25.38%</td>
<td>40.28%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>25.41%</td>
<td>40.45%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>25.32%</td>
<td>40.30%</td>
</tr>
<tr>
<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>25.49%</td>
<td>40.60%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>21.48%</td>
<td>29.06%</td>
</tr>
</tbody>
</table>
</figure>
SPDR S&amp;P 500 ETF 신탁(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)과 인베스코 QQQ 신탁 ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)은 각각 S&amp;P 500 지수와 나스닥 100 지수를 추적하며 수요일에 하락했다. SPY는 525.66달러로 2.22% 하락했으며, QQQ는 444.18달러로 3.02% 하락했다.
목요일에 다우존스 선물은 1.04% 상승했으며, S&amp;P 500 지수는 1.19% 상승하고 나스닥 100은 1.21% 상승했다.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/othermarkets/%EA%B8%88-%EC%95%88%EC%A0%84%EC%9E%90%EC%82%B0-%EC%88%98%EC%9A%94-%EC%A6%9D%EA%B0%80-%EC%86%8D-%EC%8B%A0%EA%B3%A0%EC%A0%90-%EA%B2%BD%EC%8B%A0%EA%B8%88%EC%97%90-%ED%88%AC%EC%9E%90/">금, 안전자산 수요 증가 속 신고점 경신···금에 투자하는 두 가지 방법은?</a>
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금 가격 3,400달러 근접, 전문가들은 강세장 속 '조정' 예상

금은 인플레이션과 경제 불확실성에 대한 헤지 역할로 인해 오랫동안 개인 금융 전략의 초석이 되어 왔다. 투자자는 금에 노출되는 두 가지 주요 방법, 즉 금 현물을 구매하거나 금 상장지수펀드에 투자할 수 있다.
각 접근 방식은 고유한 장단점을 가지고 있으므로 재무 목표, 위험 감내 능력, <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44836846/wall-streets-mood-turns-bleak-as-global-recession-fears-mount-fund-managers-slash-us-exposure" target="_blank" rel="noopener">투자 기간</a>에 따라 올바른 선택을 해야 한다.
<h3>금 현물 투자</h3>
금 현물은 골드바, 동전, 보석과 같은 유형 자산을 말한다. 실물 금에 대한 투자는 디지털 기록이나 중개인이 관여하지 않고 은행이나 금융기관으로부터 독립적이기 때문에 일부 투자자에게 매력적이다. 금의 내재적 가치와 부의 저장고로서의 역사적 역할 또한 세대 간 부의 이전을 위해 매력적으로 작용한다.
Gold IRA Custodians 설립자 팀 슈미트(Tim Schmidt)는 CNBC와<a href="https://www.cnbc.com/2025/04/11/is-this-a-good-time-to-buy-gold-experts-weigh-in.html" target="_blank" rel="noopener"> 인터뷰에서 이렇게 말했다.</a> &#8220;최근 주식 시장의 혼란 속에서 전통적인 금융 구조 밖에 존재하는 유형의 물리적 자산에 대한 관심이 다시 높아지고 있다.&#8221;
그러나 안전한 보관 및 보험 비용이 높을 수 있으며 금 현물 시장은 상대적으로 유동적이어서 매수자나 매도자를 찾기까지 거래가 지연되는 경우가 있다. 또한 금 현물은 이자나 배당금이 발생하지 않으므로 금을 판매해야만 수익을 실현할 수 있다.
<h3>금 ETF</h3>
금에 초점을 맞춘 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44836076/gold-fund-inflows-smash-record-with-80-billion-in-2025-these-etfs-are-riding-the-3300-surge" target="_blank" rel="noopener">상장지수펀드</a>에 투자하면 금을 직접 소유하거나 보관하지 않고도 금 가격 변동에 노출될 수 있다.
웰스파고 투자 연구소의 글로벌 주식 및 실물 자산 책임자인 사미르 사마나(Sameer Samana)는 CNBC와 인터뷰에서 "대부분의 투자자에게는 금괴 기반 ETF가 가장 합리적이라고 말하고 싶다&#8221;고 했다.
SPDR 골드 트러스트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)와 iShares 골드 트러스트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)는 모두 안전한 금고에 보관된 실물 금괴로 뒷받침되며, 각 주식은 특정 양의 금을 나타낸다.
투자자는 NYSE Arca 금 광부 지수의 성과를 추적하는 VanEck 금 채굴 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>)에 투자할 수 있다. 또한 VanEck 주니어 금 채굴 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>)를 통해서도 금에 노출될 수 있는데 이 펀드는 성장 잠재력은 높지만 변동성이 큰 소규모 초기 단계 금 채굴업체에 집중한다.
사진: Shutterstock
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금 가격이 최고치를 경신하고 있는 가운데, 전문가들은 엇갈린 경제 지표와 도널드 트럼프 대통령의 관세 부과 임박으로 인한 경제 불확실성이 커지면서 금이 더 상승할 여지가 있다고 보고 있다.
무슨 일 있었나: 금 가격은 화요일(1일) 온스당 3,149.03달러로 최고치를 경신하며 4월 2일 기준 전년 대비 18.78% 상승했다.
전문가들은 관세 부과로 인한 글로벌 공급망의 혼란으로 기업들이 공급 경로를 재검토하게 될 것이기 때문에 관세 부과가 이러한 급등의 원인이라고 보고 있다.
비투프라임 그룹(B2PRIME Group)의 창립자이자 전무 이사인 유제니아 미쿨리악(Eugenia Mykuliak)은 공급망의 재조정은 "신흥 시장에서 자본 유출과 시장 변동성 증가로 이어질 것"이라고 말한다. 따라서 경계하는 투자자들은 자연스럽게 안전자산으로 피난처를 찾을 것이며, 금은 이러한 변화의 혜택을 가장 확실하게 누릴 수 있는 자산이 될 것&#8221;이라고 했다.
IBV 인터내셔널 볼트의 션 호이(Sean Hoey) 전무이사도 "금의 기록적인 급등은 트럼프 대통령의 최근 관세로 인한 경제 불확실성과 시장 변동성이 커지고 있음을 분명히 반영한 것"이라고 덧붙였다.
그는 전 세계 투자자들이 "인플레이션과 지정학적 불안정성에 대한 헤지 수단으로서 금의 역할을 강화하기 위해 금으로 눈을 돌리고 있다"고 생각한다.
미쿨리악은 금 가격 상승이 계속될 것이라고 재확인했다. "중앙은행과 기관 투자자들은 이미 금 보유량을 늘리고 있으며, 불확실성이 지속되는 동안 금의 가격 상승세는 계속될 것이다.&#8221;
왜 중요한가: 유로팩의 수석 이코노미스트이자 글로벌 전략가이자 쉬프골드의 회장인 피터 쉬프는 이렇게 말했다. "1913년 연준이 설립된 이래 달러는 구매력의 95%를 잃었다. 반면 금은 안정적으로 유지되고 있다. 즉, 달러로 측정하면 상승하고 있다. 1913년에는 1온스로 고급 정장 한 벌을 살 수 있었고, 오늘날에도 여전히 그렇다. 이는 우연이 아니다. 통화 공급과 신용의 가용성이 확대되면 물가는 상승한다."
또한 피터 쉬프는 제롬 파월 연준 의장의 정책을 믿지 말라고 경고하며, 인플레이션이나 잠재적 경기침체에 효과적으로 대처하지 못하고 있다고 했다. 그에 따르면 진정한 해결책은 자유시장 원칙과 금과 같은 자산에 대한 투자에 있다.
2025년 금 가격이 18% 이상 상승할 것으로 예상되는 가운데, 투자자들이 고려할 만한 금 상장지수펀드 목록을 소개한다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>금 ETF</td>
<td>연초 대비 성과</td>
<td>1년 성과</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>17.13%</td>
<td>36.65%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>17.23%</td>
<td>36.67%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>17.30%</td>
<td>36.68%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" style="font-family: inherit; font-size: inherit; font-weight: inherit;" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>17.18%</td>
<td>36.67%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>17.17%</td>
<td>36.36%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>17.27%</td>
<td>36.60%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>17.27%</td>
<td>36.82%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>17.17%</td>
<td>36.59%</td>
</tr>
<tr>
<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>17.31%</td>
<td>36.81%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>16.06%</td>
<td>29.46%</td>
</tr>
</tbody>
</table>
</figure>
가격 움직임: 기사 작성 시점에 금 현물은 온스당 3,116.91달러로 0.21% 하락했다.
S&amp;P 500 지수와 나스닥 100 지수를 추적하는 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)와 인베스코 QQQ Trust ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)는 화요일에 상승했다. SPY는 0.28% 상승하여 560.97달러에 거래되었고, QQQ는 0.81% 상승하여 472.70달러에에 거래되었다.
수요일(2일)에는 다우존스 지수 선물이 0.15% 하락했으며, S&amp;P 500과 나스닥 100 지수 선물도 각각 0.24%와 0.31% 하락하고 있다.
사진 출처: Shutterstock
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도널드 트럼프 대통령의 무역전쟁 발언이 최고조에 달하면서 <a href="//www.benzinga.com/topic/gold"" target="_blank" rel="noopener">금</a>은 현명한 투자자들이 주목하는 자산으로 떠올랐다.
트럼프 취임 이후 7% 급등하고 <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43728557/time-to-lock-in-gold-gains" target="_blank" rel="noopener">최근 사상 최고치를 경신</a>한 금은 2025년 최고의 &#8216;트럼프 트레이드&#8217; 종목이 될 것이다 하지만 미국 투자자에게는 금 랠리가 금 자체뿐만 아니라 수혜를 입을 주식과 ETF를 통해 수익을 올릴 수 있는 특별한 기회를 제공한다.
<h3>금 가격 상승의 이유는?</h3>
금의 랠리는 정치적 불확실성 때문만은 아니다. 트럼프의 공격적인 관세 정책은 인플레이션 압력을 높이고 있으며, 글로벌 성장이 둔화되면서 금은 안전자산의 역할을 하고 있다.
중앙은행과 트레이더는 금에 대한 관심을 확대하면서 가격을 더욱 끌어올리고 있다.
파이낸셜타임스는 애널리스트들이 현재 온스당 3,000달러를 목표로 하고 있으며, UBS와 씨티그룹이 전망치를 상향 조정하고 있다고 <a href="https://www.ft.com/content/fb53df86-c6f0-4550-ab84-222b3a6282f4" target="_blank" rel="noopener">보도했다</a>.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/othermarkets/%EA%B8%88-%EA%B0%80%EA%B2%A9-3500%EB%8B%AC%EB%9F%AC-%EB%8F%84%EB%8B%AC-%EA%B0%80%EB%8A%A5-%EC%A0%95%EC%B1%85-%EA%B8%B4%EC%9E%A5-%EC%A6%9D%EA%B0%80-%EC%86%8D-%EC%88%98%EC%9A%94-%EC%83%81%EC%8A%B9/">금 가격 3,500달러 도달 가능, 정책 긴장 증가 속 수요 상승 – 뱅크오브아메리카</a>
<h3>고려해야 할 최고의 금 ETF</h3>
실물 자산을 보유하지 않고 금 랠리를 활용하려는 투자자들에게 ETF는 편리한 경로를 제공한다.
<ul>
<li>SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>): 세계 최대 금 ETF인 GLD는 금괴 가격을 추적하며 상승세를 타고자 하는 투자자에게 신뢰할 수 있는 선택이다.</li>
<li>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>): 또 다른 좋은 선택인 IAU는 금 가격 변동에 저렴하게 노출될 수 있는 방법을 제공한다.</li>
<li>VanEck Vectors Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>): GDX는 금 가격 상승으로 성장할 것으로 예상되는 금광 회사들을 목표로 한다.</li>
</ul>
<h3>트럼프 트레이드로 수혜 입을 금 주식</h3>
금 관련 개별 종목에 투자하려는 투자자에게는 금광 회사가 더 많은 레버리지 효과를 제공한다.
<ul>
<li>배릭골드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>): 세계에서 두 번째로 큰 금광 회사인 배릭은 금 가격 상승의 혜택을 보고 있으며, 강력한 실적이 기대된다.</li>
<li>뉴몬트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>): 미국에서 가장 큰 금 생산자인 뉴몬트는 금 가격 상승과 안전 자산에 대한 수요 증가로부터 이익을 볼 것이다.</li>
<li>킨로스 골드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>): 또 다른 주목할 만한 회사인 킨로스는 금 가격 상승으로 주가가 상승하고 있어 금 투자 포트폴리오에 좋은 추가 자산이 된다.</li>
</ul>
<h3>투자자를 위한 시사점</h3>
무역 긴장과 인플레이션에 대한 최고의 헤지 수단인 금의 지위에 근거해 투자자들은 금 주식과 ETF를 면밀히 살펴보아야 한다. 금 가격이 계속 상승할 것으로 예상되는 가운데, 관련 주식과 ETF는 금 가격 상승을 활용할 수 있는 기회를 제공할 것이다.
이미지: Shutterstock
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2025년 '트럼프 트레이드' 속 치솟는 금 가격: 투자자가 알아야 할 사항

<a href="https://www.benzinga.com/topic/gold" target="_blank" rel="noopener">금 가격</a>은 이번 주에 3개월 만에 최고치에 근접했다. 1월 22일 금 현물은 온스당 2,755.2달러로 2024년 10월 31일의 최고치인 2,790.15달러를 약간 밑도는 수준까지 급등했다.
무슨 일 있었나: 도널드 트럼프 대통령의 관세 발표가 글로벌 시장에 반향을 일으키면서불확실한 시기에 안전자산으로 여겨지던 금이 다시 주목받고 있다. <a href="//www.benzinga.com/etfs"" target="_blank" rel="noopener">가장 유명한 ETF</a> 중 두 가지인 SPDR Gold Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)와 iShares Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)는 다양한 투자자 프로파일에 맞는 다양한 기능으로 금에 대한 노출을 제공한다.
두 ETF 모두 동일한 벤치마크인 LBMA(런던금시장협회) 금 시장 고정가격 PM 지수(LBMA Gold Market Fixing Price PM Index)를 사용한다.
SPDR Gold Shares ETF의 가격은 주당 약 244달러이고, 운용보수율은 0.40%이다. GLD ETF는 높은 유동성과 안정된 상품에 대한 신뢰를 원하는 투자자에게 어필한다. ETF의 거래량이 많기 때문에 자주 거래하는 트레이더에게 특히 매력적이다. 그러나 높은 운용보수율과 시장 가격은 비용에 민감한 개인 투자자가 진입하기 힘들게 만들 수도 있다.
반면 iShares Gold Trust ETF는 0.25%의 낮은 운용보수율용이며 주당 약 50달러에 가격이 책정되어 있다. IAU ETF는 금 투자자에게 더 경제적인 진입점을 제공한다. GLD의 거래량에는 미치지 못하지만 IAU는 여전히 유동성이 높으며 개인 투자자에게 적합한 선택지로 간주된다.
왜 중요한가: 이번 금 랠리는 달러 약세와 전면적인 관세를 포함한 트럼프의 정책 제안을 둘러싼 불확실성 증가에 힘입은 것이다. 일부 투자자들은 트럼프의 결정이 무역 전쟁을 촉발하고 시장 변동성을 키울 것이라고 우려하고 있다.
금은 여느 때와 마찬가지로 위험을 회피하는 투자자들에게 여전히 안전한 투자처다. 실물 금괴는 여전히 전통적인 선택이지만 보관 비용, 프리미엄, 유동성 문제 등의 한계로 인해 금 ETF가 현대 투자자에게 더 실용적인 대안이 되고 있다.
이후 금 가격이 소폭 하락했지만 이는 급등 이후 차익실현에 나선 트레이더 때문일 수 있으며, 여전히 강세를 보이고 있다.
금은 역사적으로 트럼프 대통령 재임 기간 동안 상승했다. FXEmpire의 보고서에 따르면 2017년 취임 당시 금 가격은 온스당 1,200달러에 육박했고, 2021년 1월에는 온스당 1,957달러까지 치솟았다.
이제 트럼프의 두 번째 임기에서는 자칭 &#8216;관세맨'(tariff man)으로서 <a href="https://www.benzinga.com/government/regulations/25/01/43162941/trumps-second-term-sparks-market-jitters-with-trade-regulation-expansion-plans" target="_blank" rel="noopener">공격적인 정책을 도입하면서</a> 불확실성을 더욱 부추기고 있다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&#8230;.I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1069970500535902208?ref_src=twsrc%5Etfw">December 4, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
2월 1일까지 멕시코와 캐나다에 25% 관세를 부과하고 <a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/01/43130930/trump-looking-at-10-tariff-on-china-starting-feb-1">중국산 수입품에 10% 관세</a>를 부과하겠다는 트럼프 제안은 글로벌 무역 역학 관계에 영향을 미칠 수 있다.
캐나다는 세계 최대의 금 생산국 중 하나이며, GSC Commodity Intelligence의 연구에 따르면 미국은 세계 최대의 캐나다 금 수입국이다. 캐나다산 수입품에 25%의 관세가 부과되면 미국의 전체 수입에 영향을 미칠 수 있다.
사진 출처: Shutterstock
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'관세맨' 트럼프가 불확실성 촉발하면서 주목받는 금 ETF 2종목

2025년에는 금 가격이 상승세를 지속할 것으로 예상되지만, 지난해 27% 급등에 비해 상승 속도는 느릴 것으로 보인다. 애널리스트들은 연말까지 현재 수준에서 7% 상승할 것으로 예상하며, 이는 보다 완만하면서도 꾸준한 상승을 나타낸다.
무슨 일이 있었나: 월스트리트 애널리스트들은 금 가격이 2025년 말까지 온스당 약 2,795달러로 상승할 것으로 전망하고 있으며, 이는 현재 수준에서 7% 상승한 것이다. 이러한 예측은 중앙은행들의 대규모 금 구매 이후 나왔으며, 2024년 1~9월 동안 전 세계 기관들이 694톤의 금을 구매했다고 <a href="https://www.ft.com/content/9fa96c1d-03f2-4d25-9644-b29ae19407aa">파이낸셜 타임스</a>가 보도했다.
예상되는 상승의 주요 요인은 중앙은행들이 러시아에 대한 제재 이후 미 달러에서 다각화하고, 미국 연방준비제도(연준)가 금리 인하를 예상하며, 도널드 트럼프 대통령 당선자 하의 미국 정부 부채에 대한 우려가 커지는 것이다.
헨리크 마르크스(Henrik Marx), 헤라우스 프레셔스 메탈스 글로벌 트레이딩 책임자는 &#8220;그가 발표하는 어떤 것도 부채를 증가시켜 달러를 약화시키고 인플레이션을 증가시킬 것이다. 이는 일반적으로 금에 좋은 조합이다&#8221;고 말했다.
중동과 우크라이나의 지정학적 긴장도 금 가격 상승에 긍정적인 영향을 미치고 있다.
참고: <a href="https://kr.benzinga.com/news/usa/stocks/%EB%A8%B8%EC%8A%A4%ED%81%AC-%EB%9D%BC%EC%8A%A4%EB%B2%A0%EA%B1%B0%EC%8A%A4%EC%97%90%EC%84%9C-%EB%B6%88%EA%BD%83%EB%86%80%EC%9D%B4%EB%82%98-%ED%8F%AD%EB%B0%9C-%EC%9E%A5%EC%B9%98%EB%A1%9C-%EC%B9%98/" target="_blank" rel="noopener">일론 머스크: 불꽃놀이 또는 폭발 장치가 라스베가스 트럼프 호텔에서 발생한 치명적인 사이버트럭 사고의 원인; 차량은 렌트됨</a>
특히 골드만삭스는 가장 낙관적인 예측을 제시하며, 금 가격이 연말까지 온스당 3,000달러에 이를 것으로 예상했다. 그에 반해 바클레이즈와 맥쿼리는 보수적인 전망을 내놓아 현재 수준에서 약 2,500달러로 하락할 것으로 예상하고 있다.
&#8220;모멘텀이 다시 작용하고 있으며, 지정학적 긴장이 더해져 불을 붙이고 있다&#8221;고 마이클 헤이(Michael Haigh), 소시에테 제네랄 상품 리서치 책임자가 말했다. 헤이는 금 가격이 2025년 말까지 온스당 2,900달러에 이를 것으로 예상하고 있다.
왜 중요한가: 금은 글로벌 경제 불확실성과 지정학적 긴장 속에서 안전 자산으로서의 역할이 여전히 중요하다. 중앙은행들은 위험을 완화하기 위해 달러에서 다각화하고 있다. 세계 금 협의회는 올해의 성장을 &#8220;긍정적이지만 2024년에 비해 훨씬 더 겸손하다&#8221;고 설명했다.
그러나 비트코인 ETF와 같은 대체 자산의 성장은 투자 환경을 재편성하고 있다. 투자자들은 새로운 <a href="https://www.benzinga.com/etfs/currency-etfs/24/12/42750554/golds-shine-fades-as-bitcoin-etfs-rise-the-new-safe-haven-champion">안전자산 옵션</a>을 탐색하고 있으며, 이는 금의 지배력을 위협할 수 있다. 전통 자산과 신흥 자산 간의 상호작용은 2025년에 주목해야 할 중요한 트렌드가 될 것이다.
가격 동향: <a href="https://pro.benzinga.com">Benzinga Pro</a>에 따르면, 금 ETF는 지난해 12월 31일 화요일 기준으로 상승했다. SPDR Gold Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)는 26.85% 상승했으며, iShares Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)도 26.85% 상승했다. 또한, abrdn Physical Gold Shares ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)는 26.90% 상승했다. 반면, 배릭 골드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)는 14.32% 하락했고, 뉴몬트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)는 10% 하락했으며, 로열 골드(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)는 9% 상승했다.
추가로 읽기:
<ul>
<li><a href="https://kr.benzinga.com/crypto/bitcoin/%EB%B9%84%ED%8A%B8%EC%BD%94%EC%9D%B8-%EC%9D%B4%EB%8D%94%EB%A6%AC%EC%9B%80-%EB%B0%8F-%EB%8F%84%EC%A7%80%EC%BD%94%EC%9D%B8%EC%9D%B4-%EC%83%88%ED%95%B4-%EC%B2%AB-%EB%82%A0-%EA%B1%B0%EB%9E%98%EB%A5%BC/" target="_blank" rel="noopener">비트코인, 이더리움, 도지코인 새해를 건강하게 시작하다: 애널리스트는 이 블루칩 암호화폐가 2025년 초에 &#8216;상당한 거래량&#8217;을 기록할 수 있다고 말하다</a></li>
</ul>
면책 조항: 이 콘텐츠는 부분적으로 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> 의 도움을 받아 작성되었으며, Benzinga 편집자에 의해 검토 및 게시되었습니다.
이미지 출처: Shutterstock
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

트럼프의 백악관 복귀와 지정학적 긴장 속에 2025년 금값은 7% 상승 전망: 모멘텀의 귀환

올해 초 소개된 블랙록(NYSE:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/blk" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for BLK">BLK</a>)의 iShares 비트코인 신탁 ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)가 역사상 가장 성공적인 상장지수펀드(ETF) 출시로 기록되었다고 월요일 보도가 밝혔다.
무슨 일이 있었나: 세계 최대 암호화폐인 비트코인(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)의 현물 가격을 추적하는 이 투자 수단은 출시 첫 해에 500억 달러의 운용 자산(AUM)을 초과하는 전례 없는 성과를 달성했다. 이는 ETF 30년 역사상 처음 있는 일이라고 <a href="https://www.bloomberg.com/news/articles/2024-12-30/blackrock-s-bitcoin-fund-became-greatest-launch-in-etf-history">블룸버그</a>가 보도했다.
IBIT는 다음으로 빠른 ETF인 블랙록의 iShares Core MSCI EAFE ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEFA#BATS">IEFA</a>)보다 5배나 빠른 228일 만에 500억 달러에 도달했다. IEFA는 같은 이정표를 달성하는 데 거의 4년이 걸렸다고 블룸버그 ETF 분석가인 에릭 발추나스(Eric Balchunas)가 최근 발표했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IBIT</a> is now over $50b. It took it 228 days to reach this milestone, the next fastest ETF to reach 50b was <a href="https://twitter.com/search?q=%24IEFA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IEFA</a> in 1,329 days. So over 5x faster than any ETF ever launched. Ridiculous. h/t <a href="https://twitter.com/JackiWang17?ref_src=twsrc%5Etfw">@JackiWang17</a> for the data <a href="https://t.co/K9vRfAir8U">https://t.co/K9vRfAir8U</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1864476749792166370?ref_src=twsrc%5Etfw">December 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
IBIT는 현재 블랙록의 iShares Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)보다 더 많은 자산을 보유하고 있으며, 발추나스는 IBIT가 세계 최대 금 ETF인 SPDR Gold Trust(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)를 1월 11일에 조기에 제치고 &#8216;가치 저장 ETF의 왕&#8217;이 될 가능성이 높다고 보았다.
왜 중요한가: IBIT의 이러한 기록적인 성과는 현물 암호화폐 ETF가 월가에 첫선을 보인 중대한 해에 발생했다.
1월 초에 최대 12개의 현물 ETF가 상장되어 <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42715516/from-trumps-win-to-debut-of-spot-etfs-these-were-the-biggest-bullish-catalysts-for-bitcoin-in-2024">비트코인</a>의 10만 달러 이상으로의 기록적인 급등의 주요 동력이 되었다.
아직은 많이 뒤쳐졌지만, 발추나스는 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42666635/blackrocks-bitcoin-etf-could-outshine-sp-500-tracking-spy-to-become-top-investment-vehicle-but-it-will-take-a-long-time-says-prominent-analyst">IBIT가</a> SPDR S&amp;P 500 ETF Trust(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)를 초과할 수 있을 것이라고 언급했다. SPY는 6,370억 달러의 AUM을 보유한 미국에서 가장 오래되고 가장 큰 ETF이다. 하지만 이 과정은 시간이 걸릴 것이라고 경고했다.
주가 동향: IBIT의 주가는 화요일 0.93% 하락한 53.05달러로 마감했다. 비트코인은 이 시점에서 93,940.67달러로 거래되었으며, 지난 24시간 동안 0.22% 상승했다.
다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/24/12/42736733/nba-star-scottie-pippens-satoshi-nakamoto-delivered-bitcoin-forecasts-have-been-fairly-accurate-says-financial-analyst">NBA 스타 스코티 피펜의 &#8216;사토시 나카모토가 제공한&#8217; 비트코인 전망이 상당히 정확했다고 금융 분석가가 말했습니다.</a></li>
</ul>
사진 출처: Shutterstock
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

블랙록의 비트코인 ETF가 기록 경신, 1월에 세계 최대의 금 ETF를 뛰어넘을까?

수십 년 동안 금은 안전한 투자처로 자리 잡아 왔다. 경제 상황에 관계없이 투자자들은 금을 궁극적인 가치 저장 수단으로 믿고 의지해 왔다. 이러한 경향은 변함이 없으며, 사람들은 항상 경제 상황이나 <a href="https://www.benzinga.com/markets" target="_blank" rel="noopener" data-google-interstitial="false">시장의</a> 안정성에 관계없이 가치를 저장하기 위해 금을 사용해 왔다.
하지만 현재 상황은 변화하고 있다. 금은 특히 비트코인 중심의 상장지수펀드(ETF)를 통해 비트코인(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)로부터 강력한 경쟁에 직면할 수 있다. 이 경쟁은 iShares Bitcoin Trust ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)를 통해 잘 나타났다.
<h4 class="wp-block-heading">IBIT의 부상</h4>
IBIT은 2024년 1월에 출시되어, 1년도 안 되는 기간에 거의 500억 달러의 운용 자산을 모았다.
이러한 급격한 상승은 단순히 주목할 만한 것이 아니라 전례가 없는 일dl다. 비트코인 투자 신탁의 자산 관리 사업은 시장의 기존 선두주자인 블랙록의 iShares Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)와 세계 최대의 금 ETF인 SPDR Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)를 초월했다. 이 이정표는 비트코인이 더 이상 단순한 투기적 거품으로 여겨지지 않는다는 점을 분명히 한다.
관련 기사: <a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">블랙록의 비트코인 펀드가 역사적인 ETF 출시로 기록을 경신한 이유 — 세계 최대 금 ETF를 1월에 초과할 수 있을까?</a>
<h4 class="wp-block-heading">변화하는 선호도: 젊은 투자자들의 역할</h4>
여기서 중요한 점은 비트코인의 상승이 단순히 숫자에 의한 것이 아니라 사람들, 특히 젊은 투자자들과 관련이 있다는 것이다. 밀레니얼 세대와 Z세대에게 비트코인은 단순한 자산 그 이상을 의미한다. 비트코인은 탈중앙화, 혁신 및 기술 중심 세상에서 앞서나가는 것을 상징한다. 반면 금은? 이 세대에서는 구식으로 여겨지는 경우가 많다.
&#8220;젊은 투자자들은 비트코인을 &#8216;디지털 금&#8217;으로 보고 있다. 이는 이전 세대의 금이 의미했던 것의 자연스러운 진화이다&#8221;라고 네이트 게라치(Nate Geraci), ETF 스토어의 사장이 블룸버그와의 <a href="https://www.bloomberg.com/news/articles/2024-12-30/blackrock-s-bitcoin-fund-became-greatest-launch-in-etf-history?embedded-checkout=true" target="_blank" rel="noopener">인터뷰</a>에서 말했다. &#8220;비트코인 ETF의 거래 용이성과 높은 수익률은 그 매력을 더욱 확고히 해주었다.&#8221;
<h4 class="wp-block-heading">가치 저장 수단으로서 비트코인의 증가하는 유용성</h4>
그렇다면 왜 비트코인이 앞서 나가고 있는 걸까? 금과 달리 비트코인은 2,100만 개의 코인으로 공급이 제한되어 있어 가치 저장 수단으로서의 매력이 더해진다. 그리고 IBIT와 같은 ETF 덕분에 비트코인은 소액 투자자와 기관 투자자들 모두에게 접근 가능해졌다.
반면 금은? 금은 검증된 가치 저장 수단이지만, 그 물리적 성질은 보관 및 운송과 같은 문제를 야기한다. 빠르게 변화하는 디지털 우선 투자 환경에서는 이러한 점들이 큰 단점으로 작용할 수 있다.
흥미롭게도 비트코인과 금의 비율은 비트코인의 가치를 금 1온스와 비교한 것으로, 12월 16일에 40으로 사상 최고치를 기록했다. 이는 비트코인의 가격이 최근 108,000달러를 넘어선 반면, 금은 1온스당 약 2,650달러에 머물렀다는 것을 보여준다. 이 비율은 비트코인의 금융 자산으로서의 중요성이 증가하고 있음을 강조하며, 금의 전통적인 안전 자산 역할에 도전하고 있다.
<h4 class="wp-block-heading">금 ETF에 미치는 파급 효과</h4>
이것이 금 ETF가 완전히 빛을 잃었다는 의미는 아니다. 여전히 많은 포트폴리오의 필수 요소이다. 그러나 숫자는 이야기를 말해준다: IBIT와 피델리티의 비트코인 중심 ETF와 같은 상품들이 전통적인 금 펀드보다 더 많은 순유입을 끌어들이기 시작했다.
이 추세가 계속된다면, 분석가들은 IBIT이 곧 GLD와 운용 자산에서 경쟁하거나 심지어 초월할 수 있을 것으로 예측한다. 이는 안전 자산 투자 계층에서의 중대한 변화가 될 것이다.
<h4 class="wp-block-heading">안전자산 투자에 대한 미래 전망</h4>
그렇다면 다음은 무엇일까? 비트코인과 금 ETF 간의 경쟁은 투자에서 중대한 순간을 나타낸다. 금의 유산은 여전히 ​​관련성을 보장하지만 비트코인의 급속한 채택은 디지털 자산이 현대 포트폴리오의 초석이 되고 있음을 보여준다.
2024년 비트코인 현물 ETF의 승인은 규제 수용을 추가로 신호하여 향후 암호화폐 상품을 위한 장을 마련했다. &#8220;젊은 투자자들은 디지털 우선 라이프스타일에 부합하는 자산을 원한다&#8221;고 게라치가 말한다. &#8220;비트코인이 주류가 될수록 안전 자산으로서의 역할은 더욱 커질 것이다.&#8221;
현재로서는 비트코인과 금 간의 경쟁은 단순한 수익률 이상의 의미를 가진다. 이것은 전통과 혁신 간의 전투로, 실시간으로 투자 미래를 형성하고 있다.

다음 읽어볼 기사:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/previews/24/12/42745852/tesla-q4-delivery-preview-will-2024-stock-gains-hold-as-growth-slows">테슬라 4분기 배송 예상: 2024년 주식 상승은 성장 둔화에도 불구하고 유지될까?</a></li>
</ul>
사진: Shutterstock.
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요. 
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금의 광채가 사라지는 가운데, 비트코인 ETF가 부상: 새로운 안전 자산의 챔피언?

이스라엘에 대한 <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil" target="_blank" rel="noopener" data-google-interstitial="false">이란의 미사일 공격</a>의 여파 속에서 시장 관찰자들은 전개되는 갈등과 그것이 <a href="https://www.benzinga.com/topic/gold">금 가격</a>에 미칠 수 있는 영향을 면밀히 관찰하고 있다.
무슨 일이 (What Happened): 화요일 이란이 이스라엘에 100~200발의 미사일을 발사했다. 이번 공격은 이스라엘의 레바논 기반 헤즈볼라에 대한 여러 차례 공습 이후 발생한 일이다. 헤즈볼라는 이란의 대리 세력이다.
이스라엘은 1,000명 이상의 이스라엘인이 사망한 <a href="https://www.benzinga.com/news/23/10/35136071/israel-under-siege-unprecedented-hamas-attack-sparks-intense-clashes-netanyahu-says-we-are-at-war">하마스의 테러 공격</a> 이후 2023년 10월 7일부터 이란의 지원을 받는 하마스와 전쟁을 벌이고 있습니다. <a href="https://www.middleeasteye.net/live-blog/live-blog-update/gaza-death-toll-tops-41638-after-51-killed-past-day?nid=394896&amp;topic=Israel%2527s%2520war%2520on%2520Gaza&amp;fid=532496">가자 보건부</a>에 따르면 가자 지구에서 하마스에 대한 이스라엘의 후속 군사작전으로 인해 사망자 수가 40,000명이 넘는 것으로 보고되었다.
이란의 가장 중요한 지정학적 라이벌인 사우디아라비아는 미국의 지원을 받아 최근 몇 년간 <a href="https://www.benzinga.com/markets/asia/23/09/35005546/how-the-us-saudi-defense-pact-could-reshape-middle-east-geopolitics" target="_blank" rel="noopener" data-google-interstitial="false">이스라엘과의 관계</a>를 정상화했다. 이란과 사우디는 이미 수십 년 동안 다른 나라들 중에서도 예멘에서 대리전을 벌였다. 그러나 가장 최근의 전개는 중동의 영향권 사이에 직접적인 전쟁이 일어날 가능성을 지적한다.
미국과 그 동맹국들은 <a href="https://www.benzinga.com/news/24/09/40868101/us-and-allies-worried-amid-reports-of-russia-potentially-sharing-nuclear-secrets-with-iran">이란의 핵 개발</a>에 대해 특히 우려하고 있다.
금에 미치는 영향: 투자자들은 경제적 및 지정학적 불확실성의 시기에 금으로 몰리는 경향이 있다. 이러한 갈등 상황에서는 금융 시장의 변동성이 커질 수 있으며, 투자자들은 더 안전한 대안을 찾게 된다. 이스라엘과 이란 간의 대립은 금에 대한 수요를 증가시켜 가격을 상승시킬 가능성이 높다.
중동에서의 추가적인 갈등은 원유 공급을 방해할 수 있으며, 이는 전 세계 에너지 가격 상승으로 이어져 인플레이션에 기여할 수 있다. 금은 종종 인플레이션에 대한 헤지 수단으로 여겨지기 때문에, 이는 금에 대한 수요를 더욱 증가시킬 수 있다.
이란의 이스라엘 공격이 더 큰 상황으로 확대될지는 아직 불확실하지만, 그 방향으로 보이는 뉴스는 금 가격을 상승시킬 것이다.
금 가격 변동: SPDR Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), iShares Gold Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) 및 SPDR Gold MiniShares Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)는 가장 큰 금 ETF 중 일부이다.
화요일 이란의 군사 행동 이후 금 가격은 상승했지만, 상승폭은 빠르게 감소했다. SPDR Gold Trust는 화요일 1.05% 상승한 후 수요일은 0.02% 오르며 시장을 마감했다.
금 가격의 미미한 변동은 두 가지 중 하나를 나타낼 수 있다. 투자자들이 중동에서 전쟁이 발발할 가능성을 이미 가격에 반영했을 수 있다. 따라서 화요일의 미사일 공격은 이미 전투 가능성에 지친 시장 관찰자들에게 놀라운 일이 아닐 수 있다.
또는 투자자들이 이란과 이스라엘 간의 갈등이 더 확대될 가능성에 대해 회의적일 수 있다. 최근 몇 년간 중동 관계의 여러 차례의 위기 상황이 대규모 갈등으로 이어지지 않았다.
어쨌든, 금은 올해 놀라운 성과를 거두었으며, 사상 최고가에 근접한 가격으로 거래되고 있다. 이 상품은 2024년 28% 상승하고 지난 12개월 동안 44.17% 상승했다.

추가 읽기:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41143156/oil-prices-spike-energy-stocks-jump-after-irans-missile-attack-on-israel-what-investors-need-to-know">이란의 이스라엘 미사일 공격 이후 유가 급등, 에너지 주식 상승: 투자자가 알아야 할 사항</a></li>
</ul>
사진 출처: Shutterstock
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

중동 긴장 고조에 따라 투자자들은 금에 주목: 이스라엘-이란 갈등이 가격에 미치는 영향

억만장자 투자자인 브리지워터 어소시에이츠(Bridgewater Associates)의 설립자인 레이 달리오(Ray Dalio)는 최근 고조되는 <a href="https://www.benzinga.com/topic/us-china-relations-0">미중 간 긴장</a>과 증가하는 글로벌 위험에 직면해 다각화의 중요성을 강조했다.
블룸버그의 <a href="https://www.bloomberg.com/news/articles/2024-06-05/ray-dalio-touts-us-elections-china-conflicts-as-global-risks?cmpid=BBD060524_OUS&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=240605&amp;utm_campaign=openamericas">보도</a>에 의하면 달리오는 홍콩에서 열린 그리니치 경제 포럼(Greenwich Economic Forum)에서 연설하면서 향후 몇 년간 심각한 경제적, 정치적 격변이 일어날 가능성을 강조했다.
그는 미국 선거 결과와 중국에 대한 경제제재가 현재 가장 중요한 이슈 중 하나라고 강조했다.
<h2 class="wp-block-heading">미국 내부 갈등의 위험성</h2>
달리오는 특히 논란이 많은 선거 정당성 문제를 둘러싼 미국 내부 갈등의 위험을 강조했다.
그는 재선된 도널드 트럼프의 정책이 조 바이든 2기 대통령의 정책과 극명하게 대조될 것이라고 강조했다. 그러나 그는 반중 정책에 대해서는 초당적인 합의가 있으며, 이는 전 세계적으로 심각한 경제적 결과를 초래할 수 있다고 지적했다.
<h2 class="wp-block-heading">경제적 전쟁은 종종 군사적 충돌 선행</h2>
달리오는 "세계에 정말 끔찍한 경제 제재의 위험이 크다"고 말하면서 경제 전쟁이 종종 군사적 충돌에 선행한다는 점을 강조했다. 그는 특히 대만과 관련해 오랫동안 지속되어 온 하나의 중국 정책이 심각한 도전에 직면해 국제 투자자들에게 영향을 미칠 수 있다고 경고했다.
달리는 다음과 같은 이유로 전례 없는 위험에 직면한 세계에 대한 더 넓은 그림을 그렸다:
<ul>
<li>거대한 부채</li>
<li>국내 정치적 파탄</li>
<li>거 국가 간의 충돌</li>
</ul>
여기에 더해 자연재해, 전염병, 인공지능의 급속한 발전 등이 있다.
<h2 class="wp-block-heading">경제적 불확실성으로 다양성은 더욱 중요</h2>
그는 이러한 불확실성으로 인해 투자의 효과적인 다각화가 그 어느 때보다 중요하다고 주장했다. 달리오는 "다각화의 힘은 올바른 의사결정의 힘보다 더 크다"고 말했다.
그는 위험을 완화하기 위해 투자자들이 국가, 통화, 자산 등급에 자산을 분산시켜야 한다고 역설했다. 그는 최근 중국 자산이 하락세를 보였지만 현재 가격은 매력적이며 브리지워터는 지난 5년 동안 중국에 투자할 수 있는 효과적인 방법을 찾았다고 언급했다.
관련 기사: <a href="https://www.benzinga.com/markets/asia/24/04/38070613/billionaire-investor-ray-dalio-remains-bullish-on-china-despite-a-looming-100-year-storm-the-time-to" target="_blank" rel="noopener">억만장자 투자자 레이 달리오, 다가오는 &#8216;100년 폭풍&#8217;에도 불구하고 중국에 대한 강세 유지</a>
이러한 긴장에도 불구하고 달리오는 미국과 중국 모두에 투자를 유지하며 혁신적인 신기술 분야에서 두 국가의 지배력을 인식하고 있다. 그러나 그는 또한 동남아시아, 인도, 중동과 같은 중립 국가를 매력적인 투자 대상으로 지적했으며, 주요 전쟁 당사자들에 비해 분쟁에서 더 잘 대처하는 경우가 많다.
<h2 class="wp-block-heading">달리오: 채권보다 주식을 선호하고 금으로 헤지</h2>
달리오는 채권보다 주식 자산을 선호하며 후자의 부적절한 수익에 대한 우려를 표명했다. 그는 상당한 부채를 보유하고 있는 중앙은행들이 손실을 화폐화해야 할 수 있으며, 이는 후기 인플레이션으로 이어질 수 있다고 경고했다.
미국 주식에 대한 다양한 노출을 제공하는 인기 있는 ETF는 다음과 같다: SPDR S&amp;P 500(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), iShares Core S&amp;P 500 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) 및 Vanguard S&amp;P 500 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) 등이다.
헤지 수단으로 그는 미국 달러와 유로에 이어 세 번째로 큰 준비 통화인 금 보유를 권장했다. SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) 및 iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)는 인기 있는 금 추적 ETF이다.
달리오의 통찰력은 특히 미-중 경제 긴장으로 인한 글로벌 위험이 증가하는 가운데 투자자들이 포트폴리오를 다각화해야 하는 중요한 필요성을 강조한다. 다양한 지역과 자산 등급에 걸쳐 투자를 분산함으로써 투자자들은 앞으로의 불확실한 환경을 더 잘 헤쳐나갈 수 있다.

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