CUR - GLTR: A Solid Basket Of Precious Metals At The Right Time

2024-03-22 12:41:35 ET

Summary

• Precious metals, including gold, silver, platinum, and palladium, are showing signs of life and may serve as diversifiers in a stretched equity market.
• abrdn Physical Precious Metals Basket Shares ETF offers access to these four commodities through physically-backed assets, providing security and tangibility.
• The GLTR ETF has a concentration on gold and silver, with smaller allocations to platinum and palladium, offering a blend of stability and potential upside.

Precious metals are showing some serious signs of life recently, with Gold (XAUUSD:CUR) breaking out to all-time highs and other commodities starting to co-move similarly. With equities looking increasingly stretched and volatility in my view likely to rise in risk-on assets in the near-term, gold, silver (XAGUSD:CUR), platinum (XPTUSD:CUR), and palladium (XPDUSD:CUR) look like potential diversifiers here. And the abrdn Physical Precious Metals Basket Shares ETF ( GLTR ) is a good way to access all four commodities....

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