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RING - NUGT: As Recession Looms Leveraged Gold Mining Bull ETF Makes Sense
iShares MSCI Global Gold Miners ETF
As inflation rises and recession looms in, people tend to invest more in gold, which in turn is expected to benefit the gold miners’ equity shares and ETFs.
Energy and commodity funds (including the leveraged bull funds) have generated growth during 2022, while gold funds have missed out narrowly.
NUGT’s underlying index is composed of stocks of renowned gold miners around the globe, which is expected to do well in the coming months.