CA - Gold Mining ETFs Shine In Early 2025
2025-03-08 08:00:00 ET
Summary
- Gold mining companies are leveraged to gold prices, as revenues for these commodities are dependent on finding and selling gold. When gold prices move higher, gold miner prices typically move even higher. And when gold prices fall, gold miner prices fall even more.
- At a time like now, when gold is serving as a hedge against domestic stock market volatility, gold miners perform even better.
- Overall gold mining ETFs have performed well YTD, especially when compared to domestic equity markets. The SPDR S&P 500 ETF Trust (SPY) is down 1.6%, but gold mining ETFs are up 18-19%. Most of the large gold mining stocks have all been higher YTD - most in the 20-30% range.
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Gold Mining ETFs Shine In Early 2025