Precious Metals ETFs Surge Amid Fed Rate Cuts
The recent decision by the U.S. Federal Reserve to cut interest rates has led to a surge in precious metals exchange-traded funds (ETFs) and related mining stocks. The 'HANARO Global Gold Mining Company' ETF experienced a 22.86% rise due to improved profitability based on gold price increases. NH Investment & Securities predicts that continued dovish monetary policy from the Fed could sustain the strength in gold and other precious metals.
Notably, the 'ACE KRX Gold Spot ETF' and 'KODEX Silver Futures (H) ETF' have risen 21.66% and 19.59% respectively. In an environment of inflationary threats, the growing demand for safe assets is a significant factor influencing investor decisions. Such upward trends in precious metals and mining ETFs highlight their appeal as an inflation hedging instrument.
NH Investment & Securities has revised gold and silver price forecasts upward to $4,500 per ounce and $50 respectively, citing record levels being reached. In addition, gold prices are bolstered by expanded purchases by global central banks, pointing to further potential gains for mining company ETFs.
The newly introduced '1Q K Sovereign AI ETF' includes companies like Naver and Kakao, alongside firms related to stablecoins, capturing investor interest. This diversification, alongside mining ETFs, presents a wide array of investment opportunities, positively impacting the market.
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'HANARO Global Gold Mining Companies ETF' Hits Jackpot Amid Record Gold Prices... "Rally to Continue" [Investment Pulse] - meconomynews.com[Editor's Note] Uncertainty is always present and new investment products flood in continuously. The stock market that investors face is truly chaotic. 'Market Economy' aims to serve as a compass by providing analysis materials such as brokerage reports and institutional data every week to assist in investment decisions. Through this, we hope all investors can find the successful pulse of investment and take steps towards asset expansion. With the fierce rise in gold prices, the influx of capital into ETFs is also substantial. Among them, the performance of 'HANARO Global Gold Mining Companies' stands out. Market uncertainty is increasing.
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