Gold Price Forecast: JP Morgan and Bank of America predict gold prices could exceed $5,200 and $5,000 per ounce, respectively, as gold remains a preferred hedge against economic uncertainty.
Gold ETF Performance: The SPDR Gold Shares (GLD) leads in institutional investments, while iShares Gold Trust (IAU) and SPDR Gold MiniShares (GLDM) attract significant retail inflows, reflecting growing interest in gold ETFs.
Mining ETFs Surge: Gold mining ETFs like VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have seen substantial gains this year, driven by increased speculative interest and operational leverage.
Investment Risks: While central bank demand and limited supply support gold mining ETFs, investors should be cautious of operational risks and market volatility that can impact returns, particularly for junior miners.
Wall Street analysts forecast GLDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDM 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.
0 Analyst Rating
Wall Street analysts forecast GLDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDM 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.
0 Buy
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0 Sell
Current: 95.540
Low
Averages
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Current: 95.540
Low
Averages
High
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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.
