There are three ways to play this recent gold and silver breakout, with ETFs that match both safety and cost efficiency, as well as a direct mining play.
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Spot gold prices touched a new all-time high on Tuesday, at $3,546.99 per ounce, surging past its prior record high of $3,500 in April this year. Other precious metals such as silver and platinum have surged in recent weeks, trading at $40.72 and $1,397 per ounce, respectively.
Gold ETFs are in the spotlight as Fed rate cut bets, a weaker dollar, and rising inflation expectations boost demand. Top picks include GLD, IAU, and GLDM.
