3 Gold ETFs That Could Surge Higher on a September Rate Cut
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Gold and Silver Price Surge: Gold has reached an all-time high of $2,481 per ounce, with a 15% increase this year, while silver is up 21.6%, driven by expectations of interest rate cuts from the Federal Reserve.
Investment Opportunities in ETFs: Several ETFs, including SPDR Gold Shares (GLD), ProShares Ultra Gold (UGL), and Sprott Physical Gold and Silver Trust (CEF), provide diverse strategies for investors looking to capitalize on the rising prices of gold and silver.
Analyst Views on GLD
Wall Street analysts forecast GLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
