Gold Back Under $5,000 – Is This the Best ETF to Buy for Its Next Run Higher?

Gold hit a record high of $5,000/oz in January but has since retreated to below $4,600/oz, a decline of roughly 8% from the peak. The move underscores short-term volatility in the precious-metals complex and has implications for gold miners, ETFs and portfolios using gold as an inflation or diversification hedge.

Analysis

Gold hit a record high of $5,000/oz in January but has since retreated to below $4,600/oz, a decline of roughly 8% from the peak. The move underscores short-term volatility in the precious-metals complex and has implications for gold miners, ETFs and portfolios using gold as an inflation or diversification hedge.