Gold Surges to Seven-Week High as Geopolitics and Fed Rate Expectations Boost Prices

Gold prices have reached a seven-week high near $4,300 per ounce, driven by geopolitical developments and shifting Federal Reserve rate expectations. The US dollar's decline has also contributed to gold's surge.

The SPDR Gold Shares (GLD) and SPDR Gold Minishares Trust (GLDM) are two popular ETFs that offer direct exposure to spot gold prices. GLD is best suited for active traders, while GLDM provides a lower-cost option for long-term investors.

For those looking to expand their precious metal allocations beyond spot price exposure, gold miner ETFs offer equity-driven upside. The VanEck Gold Miners ETF (GDX) tracks the MarketVector Global Gold Miners Index and holds top holdings like Newmont Corporation (NEM) and Agnico Eagle Mines (AEM). GDX has $23.66 billion in total assets and charges an expense ratio of 51 basis points.