3 Ways to Invest in the Presidential Election's One Sure Winner
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
0mins
Source: NASDAQ.COM
Gold Prices Surge: Gold has reached record highs due to central bank buying, inflation, and geopolitical tensions, with spot prices up 24.5% year-to-date, outperforming major stock indices.
Investment Opportunities in Gold ETFs: Several gold ETFs, including SPDR Gold Shares (GLD), ProShares Ultra Gold 2X ETF (UGL), and VanEck Gold Miners ETF (GDX), are highlighted as potential investment options, each offering different exposure and performance metrics related to gold.
Analyst Views on GOLD
Wall Street analysts forecast GOLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOLD is 44.33 USD with a low forecast of 30.00 USD and a high forecast of 63.00 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.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 42.670
Low
30.00
Averages
44.33
High
63.00
Current: 42.670
Low
30.00
Averages
44.33
High
63.00
About GOLD
Gold.com, Inc., formerly A-Mark Precious Metals, Inc., provides fully integrated alternative assets platform. It offers a range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients. Its flagship brands include JMBullion.com, Stack’s Bowers Galleries, GovMint.com, and Goldline. Its Direct-to-Consumer segment provides access to a multitude of products through its subsidiaries. Its Wholesale and Trading segment distributes and purchases precious metal products from sovereign and private mints through its subsidiaries. Its Logistics and Storage segment supports its Direct-to-Consumer brands as well as wholesale clients through precious metals receiving, storage, and delivery. It also provides collateralized lending across the bullion and numismatic markets. It unites retail brands with minting, logistics, trading, lending, and auction services for precious metals, rare coins and currency, and other collectibles.
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.
