Gold Soars to Seven-Week High Amid Geopolitical Tensions and Weakening Dollar

Gold prices have reached a seven-week high near $4,300 per ounce, driven by geopolitical developments, a weakening dollar, and shifting Federal Reserve rate expectations. The precious metal still trades over 20% below its record high of $5,589 per ounce in late January.

The SPDR Gold Shares (GLD) and SPDR Gold Minishares Trust (GLDM) offer direct exposure to spot gold prices. GLD is best suited for active traders who prioritize liquidity, while GLDM provides a lower-cost option for long-term investors looking to minimize holding costs.

For investors seeking broader precious metal allocations beyond spot price exposure, gold miner ETFs can offer equity-driven upside. The VanEck Gold Miners ETF (GDX) tracks the MarketVector Global Gold Miners Index and includes top holdings such as Newmont Corporation and Agnico Eagle Mines. GDX currently has $23.66 billion in total assets.