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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트럼프 취임 이후 7% 급등하고 최근 사상 최고치를 경신한 금은 2025년 최고의 &#39;트럼프 트레이드&#39; 종목이 될 것이다 하지만 미국 투자자에게는 금 랠리가 금 자체뿐만 아니라 수혜를 입을 주식과 ETF를 통해 수익을 올릴 수 있는 특별한 기회를 제공한다.

2025년 &#39;트럼프 트레이드&#39; 속 치솟는 금 가격: 투자자가 알아야 할 사항

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금 가격은 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.

&#39;관세맨&#39; 트럼프가 불확실성 촉발하면서 주목받는 금 ETF 2종목

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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.

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

iShares Gold Trust Shares of the iShares Gold Trust

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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 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. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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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>
</figure>
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>
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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:
<ul>
<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>
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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:
<ul>
<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: 
<ul>
<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.
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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:
<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">Tesla Q4 Delivery Preview: Will 2024 Stock Gains Hold As Growth Slows?</a></li>
</ul>
Photo: Shutterstock.

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

Cryptocurrency

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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;
<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 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>
</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

GDXJ

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

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/12/05/final-trades-nasdaq-the-ibit-and-the-iau.html">Halftime Report Final Trades</a>,&#8221; Bill Baruch of Blue Line Capital picked iShares Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NYSE">IBIT</a>), saying this &#8220;<a href="https://www.benzinga.com/quote/IBIT">breakout is for real.&#8221;</a>
At the time of writing, Bitcoin price fell around 0.5% to trade at $98,660.13 on Friday.
Liz Young Thomas of SoFi named iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) as her final trade.
Gold futures climbed 0.6% to trade at $2,663.40 an ounce this morning.
Don't forget to check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
Joshua Brown of Ritholtz Wealth Management said he likes Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>).
On Oct. 24, Nasdaq reported third-quarter revenue growth of 22% year-on-year to $1.15 billion, missing the analyst consensus estimate of $1.17 billion. The financial services company reported an adjusted EPS of 74 cents, which beat the analyst consensus estimate of 69 cents. The stock price slid after the print. Nasdaq&#8217;s Annualized Recurring Revenue (ARR) increased 31% year-over-year to $2.74 billion.
Nasdaq CEO Adena Friedman praised the "fourth consecutive quarter of double-digit Solutions growth <a href="https://www.benzinga.com/news/earnings/24/10/41517629/nasdaq-sees-recurring-revenue-soar-31-in-q3-solutions-rake-in-872m">with strong overall quarterly performance."</a>
Price Action:
<ul>
<li>iShares Bitcoin Trust slipped by 0.04% on Thursday.</li>
<li>Nasdaq shares rose by 0.5% to settle at $81.27 during Thursday's session.</li>
<li>iShares Gold Trust fell by 0.7% on Thursday.</li>
</ul>
Check This Out<a href="https://www.benzinga.com/24/12/42357598/dow-dips-more-than-200-points-ahead-of-jobs-report-investor-sentiment-declines-fear-greed-index-remains-in-greed-zone">: </a>
<ul>
<li><a href="https://www.benzinga.com/24/12/42357598/dow-dips-more-than-200-points-ahead-of-jobs-report-investor-sentiment-declines-fear-greed-index-remains-in-greed-zone">Dow Takes A Breather After Record Close, Dips Over 200 Points Ahead Of Jobs Report: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Topics

NDAQ

Bitcoin 'Breakout Is For Real,' Analyst Says On CNBC's Final Trades

CNBC Halftime Report Final Trades: Nasdaq, iShares Bitcoin Trust, iShares Gold Trust Shares of the iShares Gold Trust

Goldman Sachs has projected a substantial increase in gold prices for the coming year, driven by heightened central bank acquisitions and expected reductions in U.S. interest rates.
What Happened: Goldman Sachs has identified gold as a leading commodity trade for 2025, with prices anticipated to reach $3,000 per ounce by December 2025. Analysts, including Daan Struyven, pointed to increasing demand from central banks as a key driver of this forecast, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-18/goldman-says-go-for-gold-as-central-banks-buy-fed-cuts-in-25">reported</a> on Monday.
"Go for gold," analysts said in a note.
They also foresee a cyclical boost from rising investments in exchange-traded funds (ETFs) as the Federal Reserve enacts rate cuts. Additionally, geopolitical risks, particularly concerning Iran, could influence oil supply due to potential increased U.S. support for Israel and stricter sanctions enforcement.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Soars Over 5% In Overnight Trading As Trump Administration Reportedly Seeks To Ease FSD Norms</a>
Gold ETFs have demonstrated robust performance in terms of year-to-date (YTD) returns, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>. SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) has risen 24.05%, iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) increased by 24.22%, SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) climbed by 24.38%, abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>) gained 24.29%, and iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>) advanced 24.08% year-to-date.
Why It Matters: The forecast by Goldman Sachs comes amid significant movements in the gold market. In October, the SPDR Gold Trust (GLD), the largest physically backed gold ETF, experienced its highest monthly<a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41663633/biggest-gold-etf-posts-highest-monthly-inflows-in-2-5-years-as-investors-rush-to-"> inflows in 2.5 years earlier this month,</a> driven by economic and policy uncertainties surrounding the U.S. presidential election. This influx pushed the fund&#8217;s assets under management to $79.7 billion by the end of October, with $1.8 billion in net inflows for the month.
However, the sentiment shifted dramatically after Donald Trump&#8216;s election victory, leading to a<a href="https://www.benzinga.com/etfs/specialty-etfs/24/11/41888750/gold-etf-hit-with-1-billion-outflow-investors-dump-safe-haven-asset-after-trump-win"> $1 billion outflow </a>from the SPDR Gold Trust (GLD) in early November. This marked the largest weekly outflow in over two years, as investors moved away from the safe-haven asset, anticipating a strong dollar under Trump&#8217;s second term.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42022585/michael-van-de-poppe-says-bitcoin-ethereum-and-altcoins-close-to-the-point-where-investors-can-buy-the-dip?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can &#8216;Buy The Dip&#8217;</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

'Go For Gold,' Says Goldman Sachs: Precious Yellow Metal Price Would Rise In 2025 Amid Central Bank Buying, Fed Rate Cuts

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-11_08h27_15.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Trump Trade Rolls On&nbsp;</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-gold-money-flows-bitcoin-soars-mc-11112024">click here</a> for an enlarged chart of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
Note the following:
<ul>
<li>The Arora Report&#8217;s call on bitcoin has proven spot on. &nbsp; <a href="https://blog.thearorareport.com/stock-market-110924/">On Friday, we wrote</a>:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">Bitcoin (BTC.USD) is being bought on hope that whales will take advantage of low liquidity during the weekend to run bitcoin up over $80,000.
</blockquote>
<ul>
<li>The chart shows that bitcoin has moved to $81,866 as of this writing.</li>
<li>RSI on the chart shows that bitcoin is overbought.&nbsp; However, in The Arora Report analysis, the RSI pattern shown on the chart is setting up for a higher bitcoin price, perhaps after a shallow pullback.&nbsp; The next target for bitcoin is $100,000.</li>
<li>The chart shows the support zone for bitcoin.</li>
<li>The chart shows that bitcoin broke out on Trump's election.&nbsp; Trump has said he wants to be the crypto president.&nbsp; As full disclosure, The Arora Report also gave a signal on Trump's election to buy bitcoin via ETF iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).&nbsp; Bitcoin is also in The Arora Report&#8217;s ZYX Allocation Model Portfolio.</li>
<li>Money is flowing out of gold and other commodities, such as oil, and into cryptos.  For the first time iShares Bitcoin Trust (IBIT) has become bigger than iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>).  On Trump's election, a record $1.4B money inflow took place in IBIT.</li>
<li>When looking at gold and bitcoin, investors need to understand that the gold market is not being manipulated, while bitcoin can easily be manipulated.&nbsp; Anytime an asset can be easily manipulated, it can be driven higher than you would think.</li>
<li>Other crypto tokens are also moving. Dogecoin, created as a joke, has gone up 40% since Friday.&nbsp; The meme crowd is going all in on smaller coins.</li>
<li>Sentiment has reached the extreme zone.&nbsp; When sentiment reaches extreme positive, it is traditionally a sell signal.&nbsp; However, sentiment is not a precise timing signal.&nbsp; Also, this time is different because of the momentum from Trump's election.&nbsp; The Arora Report's sentiment indicator is a 360 degree view and is very comprehensive.&nbsp; Investors looking for a short cut may at this time look at bitcoin as an indication of sentiment.</li>
<li>Investors need to understand that this is as pure of a momentum market as it gets.&nbsp; Momentum is great as long as it is going up.&nbsp; However, a break in momentum can cause major losses, especially in popular stocks.&nbsp; </li>
<li>Based on the weekend pump, there is aggressive buying in stocks by retail investors in the early trade.&nbsp; Buying is extremely aggressive in Trump stocks, such as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). TSLA stock is up over 6% in the premarket, after moving up 8.2% on Friday.&nbsp; Tesla CEO Elon Musk is expected to be the most influential person in Trump's administration, but without an official appointment.</li>
<li>Trump's election is impacting markets across the globe.&nbsp; Please see below for examples.</li>
</ul>
<h3 class="wp-block-heading">China</h3>
There is disappointment in the markets about China's stimulus.
China&#8217;s trade surplus is set to hit a record of almost $1T.&nbsp; Trump is likely to focus on this record.&nbsp;
<h3 class="wp-block-heading">India</h3>
The Reserve Bank of India is likely to let the Indian currency rupee weaken to compete with the Chinese yuan after Trump's election.
<h3 class="wp-block-heading">Japan</h3>
The Bank of Japan failed to bolster the yen after Trump's election.&nbsp; The yen has weakened.
<h3 class="wp-block-heading">Europe</h3>
There are reports that Trump and Putin have spoken in a bid to settle the Ukraine war.&nbsp; Russia is denying the report.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla (TSLA).
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are positive in 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 Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is aggressively buying stocks in the early trade.&nbsp; Smart money is inactive in the early trade.
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.&nbsp; Over a long period of time, investors come out ahead by adopting smart money's ways.&nbsp; The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.
<h3 class="wp-block-heading">Very Very Short-Term Indicator</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Please see above.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

AAPL

AMZN

GOOG

MSFT

NVDA

TSLA

Money Flows Out Of Gold Into Bitcoin, Next Bitcoin Stop $100,000, Aggressive Buying In Tesla

The re-election of Donald Trump <a href="https://www.benzinga.com/markets/commodities">has metals markets</a> looking a little like a shaken-up snow globe—chaotic and swirling. 
While some metals might be facing a rocky road, JPMorgan's Commodities Research team, led by Greg Shearer, sees gold as holding strong through the turbulence, calling recent gold action a "stumble not a sea change."
Here's the JPMorgan breakdown on what to watch in metals as this political shift unfolds.
<h2 class="wp-block-heading">"Timing and Sequencing Will Be Critical" For Base Metals</h2>
As tariff tensions escalate, Peterson and his team emphasize that "policy timing and sequencing will be critical." They anticipate that China's response will likely be "a more reactive mechanism" once tariffs are in place, rather than a proactive approach. In practical terms, this suggests that the market may start to factor in "risk premia" in the weeks ahead.
Traders should buckle up as base metals brace for near-term turbulence, holding off for now on any major plays.
Investors in base metal ETFs such as the United States Copper Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPER#NYSE">CPER</a>) and the Invesco DB Base Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBB#NYSE">DBB</a>) should remain wary of their holdings.
The analysts say one metal could break the trend, though: aluminum. With supply issues dogging the bauxite market, aluminum has an "idiosyncratic fundamental support" that could "significantly mitigate bearishness from a weaker CNY." So, while aluminum may stay relatively resilient, other base metals might be taking a temporary backseat.
Read Also: <a href="https://www.benzinga.com/markets/commodities/24/11/41793159/trumps-victory-a-tailwind-for-domestic-steel-risk-for-canada-say-analysts">Trump&#8217;s Victory A Tailwind For Domestic Steel, Risk For Canada, Say Analysts</a>
<h2 class="wp-block-heading">Gold: The "Debasement Trade" Keeps The Glitter</h2>
Gold experienced a dip following the election, but JPMorgan sees this as a temporary setback rather than a major shift. With potential U.S. fiscal challenges and rising inflation concerns, Peterson anticipates gold will perform strongly in the coming years, projecting it could reach $2,850 per ounce by late 2025.
This "debasement trade" may make gold the go-to hedge as the new administration's policies take shape, especially as inflationary pressures bubble up.
This may bode well for investors in the SPDR Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>).
<h2 class="wp-block-heading">The Yuan Factor: Copper's Achilles' Heel?</h2>
Another key factor here is the yuan (CNY). If Trump's policies lead to further yuan depreciation—potentially up to 7.40 or even 7.8, according to JPMorgan's FX strategists—copper prices could see a roughly 5% hit, dragging prices down to around $9,000 per metric ton.
Aluminum, again, may be shielded somewhat by those supply issues, but other base metals could be feeling the squeeze.
<h2 class="wp-block-heading">Gold Glimmers While Base Metals Hold Their Breath</h2>
For the metals market, Trump's second term brings headwinds and a few golden highlights. 
While base metals might see some strategic waiting time, aluminum could be one of the few to withstand the early hits. 
Gold, meanwhile, has the long game in sight, with JPMorgan's "debasement trade" fueling bullish forecasts.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41810728/jpmorgan-predicts-strong-performance-for-bitcoin-and-gold-under-trump-presidency">JPMorgan Predicts Strong Performance For Bitcoin And Gold Under Trump Presidency</a></li>
</ul>
Photo: Shutterstock

Analyst Color

CPER

Trump Re-Election Jolts Metals Market As Gold Sees A 'Stumble, Not A Sea Change'

Amid the fallout from <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">Iran&#8217;s missile attack</a> against Israel on Tuesday, market observers are closely watching the unfolding conflict and its possible effects on <a href="https://www.benzinga.com/topic/gold">gold prices</a>.
What Happened: Iran fired 100 to 200 missiles at Israel on Tuesday. The attack came following several Israeli strikes on the Lebanon-based Hezbollah, an Iranian proxy. 
Israel has been at war with Hamas, also <a href="https://www.benzinga.com/general/politics/24/07/39941704/netanyahu-addresses-us-congress-emphasizes-alliance-against-iran-in-middle-east-give-us-the-tool">supported by Iran</a>, since Oct. 7, 2023, following a <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">Hamas terrorist attack</a> that left over 1,000 Israelis dead. Israel&#8217;s subsequent military campaign against Hamas in Gaza resulted in a reported death toll of over 40,000, <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">according</a> to the Gaza Health Ministry.
Iran&#8217;s most significant geopolitical rival, Saudi Arabia, has normalized <a href="https://www.benzinga.com/markets/asia/23/09/35005546/how-the-us-saudi-defense-pact-could-reshape-middle-east-geopolitics">relations with Israel</a> in recent years with American support. The Iranians and Saudis have already engaged in proxy warfare in Yemen, among other countries, for decades. The most recent developments, however, point to a possible direct warfare between Middle Eastern spheres of influence.
The United States and its allies are particularly concerned with <a href="https://www.benzinga.com/news/24/09/40868101/us-and-allies-worried-amid-reports-of-russia-potentially-sharing-nuclear-secrets-with-iran">Iran&#8217;s nuclear development</a>.
Impact On Gold: Investors flock to gold during times of economic and geopolitical uncertainty. Financial markets might experience heightened volatility during such a conflict, with investors seeking safer alternatives. A confrontation between Israel and Iran would likely increase demand for gold, driving up prices.
Further conflict in the Middle East could disrupt oil supplies, leading to higher global energy prices, which might contribute to inflation. Since gold is often seen as a hedge against inflation, this could further boost demand for gold.
While it is yet unclear whether Iran&#8217;s attack on Israel will escalate to something larger, any news seemingly pointing in that direction will send gold prices higher.
Gold Price Action: The 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>) and SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) are among the largest gold ETFs.
While gold prices moved higher following Iran&#8217;s military action on Tuesday, gains quickly subsided. The SPDR Gold Trust is trading just 0.44% higher than it did on Monday.
Gold&#8217;s muted price action could indicate one of two things. Investors may already have priced in the likelihood of war breaking out in the Middle East. Thus, Tuesday&#8217;s missile attack might not have surprised market observers, who are already weary of possible warfare.
Alternatively, investors could be skeptical of the likelihood of the conflict between Iran and Israel escalating further. Several scares in Middle Eastern relations in recent years have not amounted to large-scale conflict.
Regardless, gold has had a remarkable year, hovering near an all-time high price. The commodity is trading 28% higher in 2024 and has increased 44.17% in the last 12 months.
Also Read:
<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">Oil Prices Spike, Energy Stocks Jump After Iran&#8217;s Missile Attack On Israel: What Investors Need To Know</a></li>
</ul>
Photo: Shutterstock

Global

Economics

Investors Look To Gold As Middle East Tensions Rise: How Israel-Iran Conflict Could Impact Prices

Gold is back in the spotlight, and eyes are on the Fed. As the U.S. Federal Reserve prepares for what could be an aggressive rate cut, gold ETFs, especially the gold-bullion tracking ETFs such as the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>), are <a href="https://www.benzinga.com/topic/gold">riding the wave</a>.
Gold prices, already hovering near record highs, are inching closer to a breakthrough that could send the precious metal into uncharted territory.
With the dollar softening, the allure of gold as a safe haven has only intensified. Year-to-date, the GLD has surged nearly 25% and the IAU has gained about 25%, outpacing broader market indices like the S&amp;P 500 (which is up 18% in comparison). While physical gold-tracking ETFs have been surging, ETFs tracking gold miners haven&#8217;t been left behind.
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is up about 27% YTD and the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) is up 28% YTD.
<h1 class="wp-block-heading">Gold Shines on Dovish Fed, Weaker Dollar</h1>
Investors seem unfazed by today's slight lull in prices — understandable, given the anticipation of a possible 50-basis-point rate cut. The weakening dollar, compounded by the Fed&#8217;s dovish tone, is creating the perfect storm for gold to shine even brighter.
Behind the scenes, central banks and institutional buyers have been steadily piling into gold, boosting its momentum. Over the past three months, gold-tracking ETFs have drawn in billions in inflows, with retail investors now jumping on board, hoping to capitalize on the metal's momentum.
The net inflows into these ETFs signal that many see more upside ahead, especially as the Fed's anticipated rate cuts could push yields lower, further reducing the opportunity cost of holding gold.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40862122/rate-cut-prospects-fuel-investor-risk-appetite-gold-hits-record-highs-harris-outperforms-trump-t">Rate-Cut Prospects Fuel Investor Risk Appetite, Gold Hits Record Highs, Harris Outperforms Trump: This Week In The Markets</a>
<h1 class="wp-block-heading">Gold Emerging As A Preferred Hedge</h1>
The macroeconomic backdrop has added extra fuel to the rally. From rising geopolitical tensions to global economic uncertainties, investors are seeking shelter, and gold is emerging as their preferred hedge. The metal's safe-haven appeal is being bolstered by fears of economic slowdowns, not just in the U.S. but globally. 
China's persistent economic struggles, for example, are only adding to the demand for gold, as investors diversify away from riskier assets.
<h1 class="wp-block-heading">What Could Temper Gold Bulls?</h1>
While a rate cut seems all but certain, there are still factors that could keep a lid on gold's upside. Any sign of a more conservative move by the Fed, such as a smaller-than-expected cut, could temper bullish enthusiasm. 
There's also the possibility that stronger-than-expected economic data could boost the dollar, muting gold's rally.
For now, though, the combination of central bank buying, ETF inflows and weakening dollar dynamics makes gold an attractive option for those looking to ride out market volatility.
With the potential for gold to push through its previous highs, investors are watching closely to see if the Fed's next move will give the precious metal the final nudge it needs.
Will gold soar to new heights, or will a more cautious Fed decision put the brakes on the rally? The only thing certain is that, for now, gold is shining brighter than ever.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40891378/ahead-of-fomc-meeting-paul-krugman-says-fed-rates-will-be-elevated-even-with-50-bps">Ahead Of FOMC Meeting Paul Krugman Says Fed Rates Will Be Elevated Even With 50 Bps Cut: &#8216;Argument For Incrementalism Is Very Weak&#8217;</a></li>
</ul>
Photo: Shutterstock

Gold ETFs Poised For Liftoff: Can The Fed's Rate Cut Propel Prices To New Heights?

Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reinforced its bullish outlook on gold, citing increased central bank demand and expectations of a U.S. Federal Reserve <a target="_blank" href="https://www.benzinga.com/federal-reserve" rel="noreferrer noopener">interest rate cut</a> tomorrow.
"While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we reiterate our long gold trading recommendation and our price target of $2,700/oz by early 2025," the investment bank said in a note.
With the price of gold making new all-time highs, reaching 2589.60 on the spot market, the two-quarter upside price target of 5% doesn't seem much. At the moment, the market is pricing a 65% chance of a 50-basis-point cut tomorrow, <a target="_blank" href="https://www.google.com/search?client=firefox-b-d&amp;q=cme+fed+watchtool" rel="noreferrer noopener">per</a> the CME FedWatch tool.
Now read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market" rel="noreferrer noopener"> Why Interest Rate Cuts Won't Automatically Boost The Stock Market</a>
Gold is traditionally seen as a hedge against inflation and economic uncertainty. With the U.S. recession still in discussion and a Fed pivot toward more accommodative monetary policies, investor interest in gold is <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40689742/goldman-sachs-bullish-on-gold-wall-street-giant-targets-2-700-by-early-2025-driven-" rel="noreferrer noopener">expected to remain strong</a>, accompanied by buying from foreign central banks, <a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/38649656/how-chinas-central-bank-gold-buying-frenzy-drove-prices-to-record-highs-attracting-gen-z-to-gold-bea" rel="noreferrer noopener">particularly China</a>.
The Fed's anticipated rate cuts could <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market" rel="noreferrer noopener">lower bond yields</a>, making gold more attractive as it does not generate interest.
In contrast to its positive gold outlook, the bank recently downgraded its projection for iron ore prices. The bank slashed its fourth-quarter 2024 forecast by $15 per metric ton, lowering it to $85 due to concerns of oversupply despite stabilizing demand from China.
Despite China's attempts at economic stimulus and rising steel demand, the broader economic slowdown and the real estate crisis have dampened demand for iron ore. Its futures briefly dipped below $90, reaching the lowest point in almost two years.
Goldman noted that while there might be short-term support due to restocking ahead of the holiday week in October, but the continued buildup of iron ore inventories is likely to drive prices further down.
Supply-demand imbalances have been a key issue for the market, particularly with major players like Brazil's Vale and Australia's BHP maintaining production levels.
Kallanish Consulting analyst Ian Roper explained the current price dynamics <a target="_blank" href="https://www.bnnbloomberg.ca/business/international/2024/09/11/iron-ore-tests-floor-as-plunge-to-90-a-ton-puts-mines-at-risk/" rel="noreferrer noopener">for</a> Bloomberg.
"We need to eliminate about 100 million tons to balance this market, and to do that, we need prices to settle in the $80s," he noted.
Also read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40875211/bhp-group-sounds-alarm-on-copper-supply-ai-and-ev-growth-could-drive-prices-soaring-report" target="_blank" rel="noreferrer noopener">BHP Group Sounds Alarm on Copper Supply, AI and EV Growth Could Drive Prices Soaring: Report</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
Image via Shutterstock

Guidance

PICK

Market Vectors Rare Earth/Strategic Metals Etf

REMX

SILJ

SLVP

Goldman Sachs Sees Gold Higher, Takes A Downbeat Stance On Iron Ore

Mohamed El-Erian, Chief Economic Advisor at Allianz, highlighted on X writing &#8220;Gold is trading within $5 of a new record high.&#8221;
What Happened: El-Erian posted a screenshot showing gold prices at $2524.06, reflecting a 5.87% gain. The lowest close was recorded at $2369.31 on Aug. 5, with a 30-day average price of $2453.21. 
Gold mining stocks have recently experienced a notable surge in value. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), which includes holdings like Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>), and Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), has risen by 26.51% this year, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro data</a>.
Similarly, other ETFs such as SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>), iShares Gold Trust Micro Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>), and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) have also seen gains of over 21% this year.
Historically, gold reached an all-time high of $2,531.70 in August. The precious metal last traded at $2,509, and December futures contracts are currently trading at $2,543.70, down 0.45%. Year to date, gold prices have gained approximately 22.3%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Gold is trading within $5 of a new record high.<a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> <a href="https://twitter.com/hashtag/econtwitter?src=hash&amp;ref_src=twsrc%5Etfw">#econtwitter</a> <a href="https://t.co/hzcQCutV9a">pic.twitter.com/hzcQCutV9a</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1828048988072816986?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/asia/24/08/40563191/nasdaq-100-falls-1-tests-50-day-average-support-tech-stocks-in-flux-on-monday">Nasdaq 100 Falls 1%, Tests 50-Day Average Support: Tech Stocks In Flux On Monday</a>
Why It Matters: The recent rise in gold prices follows a series of bullish predictions and market movements. Last week, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457722/gold-is-getting-its-moment-in-the-sun-and-experts-say-the-record-high-prices-could-">experts noted</a> that gold had surged approximately 20% this year, reaching a record high. Ole Hansen, head of commodity strategy at Saxo Bank, highlighted that gold has been in an "uninterrupted rally" since October when it was priced at $1,810 an ounce.
Further bolstering this trend, Ryan McIntyre, Managing Partner at Sprott Inc., predicted that gold prices would remain &#8220;very positive&#8221; for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40509313/expert-predicts-gold-to-be-very-positive-for-next-18-months-a-whole-new-source-of-m">the next 18 months</a>. He attributed this to increased buying by central banks and recent inflows into ETFs backed by gold.
Adding to the optimistic outlook, J.P. Morgan Research estimated that gold would exceed $2,500 per ounce by the end of 2024, with predictions that it would reach $2,600 per ounce by 2025. This forecast underscores gold&#8217;s role as a safe investment, <a href="https://www.benzinga.com/startups/24/08/40550668/jpmorgan-predicts-2-600-gold-prices-by-2025-what-a-1-million-gold-bar-means-for-the-market">especially amid economic uncertainty</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40541513/bitcoin-atm-market-is-undergoing-necessary-correction-coinflip-founder-daniel-polotsky-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin ATM Market Is Undergoing &#8216;Necessary Correction,&#8217; CoinFlip Founder Daniel Polotsky Says</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Mohamed El-Erian Observes Spike In Gold Says, Precious Metal 'Trading Within $5 Of A New Record High'

In a recent interview, Ryan McIntyre, Managing Partner at Sprott Inc., forecasted a bright future for gold prices, expecting them to remain &#8216;very positive&#8217; for the next 18 months and beyond.
What Happened: McIntyre appeared on CNBC&#8217;s &#8220;Squawk Box&#8221; on Wednesday to discuss the record highs in gold prices. He attributed the surge to several factors, including increased buying by central banks and recent inflows into ETFs backed by gold. 
&#8220;To us, that&#8217;s a whole new source of madness coming in. So we see gold as being very positive over the next 18 months and beyond, frankly,&#8221; McIntyre said.
McIntyre also highlighted the fiscal situation of many Western governments as a significant driver behind the spike in gold demand. 
&#8220;We&#8217;re running 7% deficits today, in a nonrecessionary environment, which is pretty unique circumstance,&#8221; he explained.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40501889/nvidia-stock-to-surge-to-340-in-medium-term-portfolio-manager-sees-strong-rally-int?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% &nbsp;Pullbacks</a>
He further noted that gold is seen as a tangible real asset and probably the &#8220;only true hedge against elevated sovereign risks that we see in the future.&#8221;
Why It Matters: McIntyre&#8217;s comments come in the wake of a significant rise in gold prices, which have surged approximately 20% this year, reaching a record high <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457722/gold-is-getting-its-moment-in-the-sun-and-experts-say-the-record-high-prices-could-">just shy of $2,500 an ounce</a>. The price of gold has been on an "uninterrupted rally" since October when it was priced at $1,810 an ounce.
Furthermore, the ongoing geopolitical tensions, particularly in the Middle East, have intensified the<a href="https://www.benzinga.com/24/08/40445319/gold-nears-record-highs-amid-geopolitical-uncertainty-and-fed-speculations"> demand for safe-haven assets</a> like gold, pushing its price near record peaks. The fluctuating news from the region casts doubt on the success of ceasefire talks between Israel and Gaza, thereby boosting gold&#8217;s appeal as a secure investment.
Moreover, the anticipation of a <a href="https://www.benzinga.com/markets/asia/24/08/40503528/asia-mixed-europe-markets-advance-gold-steady-near-all-time-high-dollar-strengthens-global-markets-t">September rate cut </a>by the Federal Reserve, as indicated by the FOMC minutes, has solidified expectations and added to the market anticipation, keeping gold prices steady near their all-time high.
Price Action: At the time of writing on Thursday during market hours, iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>) was trading 1.32% lower at $24.72, SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) was down by 1.32%, and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) was trading 1.43% lower, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40498543/amid-heated-trump-harris-battle-crypto-industry-pours-unprecedented-119m-into-2024-electio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Heated Trump-Harris Battle, Crypto Industry Pours &#8216;Unprecedented&#8217; $119M Into 2024 Elections</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Expert Predicts Gold To Be 'Very Positive' For Next 18 Months: 'A Whole New Source Of Madness Coming In'

The price of gold has <a href="https://www.benzinga.com/news/large-cap/24/08/40419054/gold-prices-hit-all-time-highs-of-2-500-as-traders-jump-on-rate-cut-train-mining-stocks-on-the-mov">reached an all-time high</a>, and experts are predicting that it could climb even higher due to a combination of factors.
What Happened: Gold prices have surged approximately 20% this year, reaching a record high on Friday. The spot gold price is now just shy of $2,500 an ounce.
Ole Hansen, the head of the commodity strategy at Denmark&#8217;s Saxo Bank, in a Monday note, stated that the price rally has been in an &#8220;uninterrupted rally&#8221; since October when gold was priced at $1,810 an ounce. A standard-size gold bar of about 400 troy ounces now costs over $1 million.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40453739/elon-musk-sends-dogecoin-spiking-with-ai-generated-image-says-willing-to-serve-in-governme?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Sends Dogecoin Spiking With AI-Generated Image, Says &#8216;Willing To Serve&#8217; In Government Department That Spells D.O.G.E.</a>
What&#8217;s Driving The Market Higher?
A potential <a href="https://www.benzinga.com/news/24/08/40433267/mary-daly-of-federal-reserve-pitches-gradual-interest-rate-cuts-citing-inflation-confidence-we-are-o#:~:text=She%20emphasized%20the%20need%20for,%25%2C%20according%20to%20the%20report.">Federal Reserve interest rate cut,</a> following slower-than-expected July inflation data and higher unemployment figures, is a significant factor driving the market&#8217;s expectation for higher gold prices. Investors are eagerly awaiting Jerome Powell&#8217;s keynote at the Fed&#8217;s annual symposium at Jackson Hole, Wyoming, on Friday, for indications of the central bank&#8217;s next move.
Daniela Sabin Hathorn, a senior market analyst at Capital.com, <a href="https://capital.com/jackson-hole-preview-all-eyes-on-powell-and-gold">wrote</a>, &#8220;The question now is how big will the rate cut be?&#8221; A larger rate cut could lead to higher gold prices as a fall in US interest rates typically depresses bond yields and the greenback, driving investment into gold, which is internationally denominated in the dollar.
Geopolitical risks such as the wars in Ukraine, the Middle East, and the upcoming US presidential election are also boosting the appeal of gold, a traditional safe haven. In China, consumers are buying gold to preserve value amid a depressed economic environment, a property crisis, and a weak currency.
Hansen wrote, &#8220;Continued central bank demand amid geopolitical uncertainty and de-dollarization, and not least gold&#8217;s ability to offer a level of security and stability that other assets may not provide&#8221; would support the yellow metal.
Gold Outpaces Bitcoin Gains
Gold has also surpassed Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) performance, indicating that <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40107228/why-golds-luster-could-ignite-a-digital-gold-bitcoin-rally-10x-research">cryptocurrencies may not serve</a> as the effective hedge against lower interest rates, a declining dollar, and financial instability that Bitcoin proponents had anticipated. Over the past month, Bitcoin has dropped more than 10%, while gold prices have risen by 6% since mid-July.
"Gold is getting its moment in the sun, and investors are taking note," said Jason Goepfert, senior research analyst with Sundial Capital Research, <a href="https://www.barrons.com/amp/articles/gold-price-record-high-rally-1e904b77">reported</a> Barron&#8217;s.
Why It Matters: Gold is often viewed as a safe-haven investment in times of economic and political uncertainty. The precious metal can also serve as a hedge against declines in the value of the U.S. dollar. This has been a key factor in the recent surge in gold prices, <a href="https://www.benzinga.com/news/earnings/24/08/40349152/barrick-ceo-on-high-gold-prices-why-he-says-the-miner-is-undervalued-you-get-a-lot-for-free">as highlighted</a> by Barrick Gold Corp.&#8217;s CEO, Mark Bristow, who stated that the world&#8217;s geopolitical situation is the primary reason for the surge in gold prices, not inflation.
Meanwhile, Gold mining stocks have recently seen a significant rise in value. The VanEck Gold Miners exchange-traded fund (ETF) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), which includes holdings such as Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>), and Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), has increased by nearly 25% this year, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>. Typically, when gold prices rise, the profits and sales for these mining companies also surge.
Other ETFs such as SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) have also gained over 21% this year. 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/24/08/40409247/former-google-ceo-eric-schmidt-highlights-nvidia-as-major-ai-player-in-now-deleted-video-thats-not-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Google CEO Eric Schmidt Highlights Nvidia As Major AI Player In Now Deleted Video</a>
Photo courtesy: Michael Sutton via Flickr

Gold 'Is Getting Its Moment In The Sun' And Experts Say The Record High Prices Could Climb Even Higher: Here's The Case For Even More Glittering Gains

Billionaire investor Ray Dalio, founder of Bridgewater Associates, recently highlighted <a href="https://www.benzinga.com/topic/us-china-relations-0">escalating U.S.-China tensions</a> and the importance of diversification in the face of growing global risks.
Speaking at the Greenwich Economic Forum in Hong Kong, Dalio emphasized the potential for significant economic and political upheaval in the coming years, as <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">reported</a> by Bloomberg.
He stressed that U.S. election results and economic sanctions against China are among the most critical issues currently.
<h2 class="wp-block-heading">Risk Of Internal Conflicts Within The US</h2>
Dalio underscored the risk of internal conflicts within the U.S., particularly surrounding the contentious issue of election legitimacy.
He emphasized that the policies of a reelected Donald Trump would starkly contrast with those of a second-term Joe Biden presidency. However, he noted a bipartisan consensus on anti-China policies, which could lead to severe economic consequences on a global scale.
<h2 class="wp-block-heading">Economic Warfare Often Precedes Military Conflict</h2>
&#8220;There's a great risk of economic sanctions that would be really terrible for the world,&#8221; Dalio said, highlighting that economic warfare often precedes military conflict. He warned that the long-standing one-China policy, especially regarding Taiwan, could face significant challenges, affecting international investors.
Dalio painted a broader picture of a world facing unprecedented risks due to:
<ul>
<li>enormous debt levels</li>
<li>internal political strife</li>
<li>great power clashes. </li>
</ul>
Adding to these are natural disasters, pandemics, and the rapid advancement of artificial intelligence.
<h2 class="wp-block-heading">Economic Uncertainties Make Diversification Crucial</h2>
These uncertainties, he argued, make effective diversification in investments more crucial than ever. &#8220;The power of diversification is greater than the power of even good decision-making,&#8221; Dalio said. 
He stressed the need for investors to spread their assets across countries, currencies, and asset classes to mitigate risks. He noted that while Chinese assets have recently seen declines, they are now attractively priced, and Bridgewater has found effective ways to invest in China over the past five years.
Related: <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">Billionaire Investor Ray Dalio Remains Bullish On China Despite A Looming &#8216;100-Year Storm&#8217;: &#8216;The Time To Buy Is When Everyone Hates The Market&#8217;</a>
Despite the tensions, Dalio remains invested in both the U.S. and China, recognizing their dominance in revolutionary new technologies. However, he also pointed to neutral states such as those in Southeast Asia, India, and the Middle East as attractive investment destinations, often faring better in conflicts compared to the main warring parties.
<h2 class="wp-block-heading">Dalio: Prefer Equity Over Debt, Hedge With Gold</h2>
Dalio expressed a preference for equity assets over debt, citing concerns about the latter&#8217;s inadequate returns. He warned that central banks holding significant debts may have to monetize losses, leading to late-cycle inflation.
Popular exchange-traded funds offering diversified exposure to U.S. equities include: the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>).
As a hedge, he recommended holding gold, which he described as the third-largest reserve currency after the U.S. dollar and the euro. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) are popular gold-tracking ETFs.
Dalio&#8217;s insights highlight the critical need for investors to diversify their portfolios amid rising global risks, particularly those stemming from U.S.-China economic tensions. By spreading investments across various regions and asset classes, investors can better navigate the uncertain landscape ahead.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38946694/ray-dalio-us-on-the-brink-of-civil-war-but-not-one-where-people-grab-guns-and-sta">Ray Dalio: US &#8216;On The Brink&#8217; Of Civil War, But Not One Where People &#8216;Grab Guns And Start Shooting&#8217;</a>
Photo: <a href="https://www.flickr.com/photos/websummit/" target="_blank" rel="noreferrer noopener">Web Summit</a> on Flickr

Asia

Macro Economic Events

Broad U.S. Equity ETFs

Hedge Funds

Ray Dalio Warns Of US-China Economic Sanctions, Stresses Diversification

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
Benzinga Pro의 독점 뉴스 및 도구로 수익률을 높이세요.
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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.

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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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.
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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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