+ 2.69
+ 1.88%

3 ETFs To Play The Gold Breakout

May 11, 2021 5:00 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
3 ETFs To Play The Gold Breakout

The gold bugs are rejoicing. A crisis on the southern border, another war brewing in the Middle East, a successful cyberattack on one of the nation's energy pipelines, and obvious signs of inflation have resulted in a flight to safety.

The price of gold has risen almost 10% since early April.

Many investors would like to invest in gold, but they don’t want to deal with the hassle of buying and storing it. And buying the stocks of individual gold companies can be very risky.

These investors should consider gold ETFs, such as the SPDR Gold Shares ETF (NASDAQ:GLD), the ProShares Ultra Gold ETF (NASDAQ:UGL), and the ProShares UltraShort Gold ETF (NYSE:GLL).

See Also: Best Gold Stocks Right Now

The investment objective of GLD is to reflect the performance of the price of gold bullion, minus the ETF’s expenses.


UGL is for aggressive investors. It uses leverage.

UGL seeks to replicate the daily investment results, before fees and expenses, that correspond to twice the daily performance of the Bloomberg Gold Subindex.


GLL is designed for aggressive investors who think the price of gold is going down. It seeks daily investment results that correspond to two times the inverse of the daily performance, minus fees and expenses, of the Bloomberg Gold Subindex.


For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Related Articles

New 3X Leveraged Gold Miners ETNs Begin Trading

The price of gold spot hit an all-time high in August 2020, as did the SPDR Gold Trust (NYSE: GLD). read more

Gold ETFs Aren't Beholden To Election Results

The SPDR Gold Shares (NYSE: GLD), the largest gold-backed exchange-traded fund, has retreated from recent highs but it's still higher by 24.37% this year. read more

3 Gold ETFs Seeing Brisk Short Covering Activity

Thanks in large part to demand by investors opting for gold exchange-traded funds, gold is one of this year's hottest assets. However, the yellow metal, like any other security, doesn't move up in a straight line. The largest gold ETF enters Monday 6.39% off its 52-week high after trading modestly lower last week. read more

3 Unheralded Gold ETFs That Are On Fire

Precious metals, namely gold and silver, are in the midst of epic rallies. On Monday, silver exchange-traded funds extended what are becoming meteoric rises while gold hit an all-time high. read more