FYI: ld prices hit their highest level since 2013 this past week, an indication that investors increasingly view the often-maligned metal as a good alternative to paper money and government bonds at a time of accommodative monetary policies around the world.
Gold climbed to $1,446 an ounce before ending on Friday at $1,425. The metal is up about 1% on the week and 12% so far this year, but remains well below its peak of $1,900 an ounce in 2011.
With gold rallying, gold stocks got a lift. The VanEck Vectors Gold Miners exchange-traded fund (GDX) gained 7% for the week, to $27.98. It is up 32% this year, outperforming gold.
Regards,
Ted
https://www.barrons.com/articles/why-gold-and-gold-mining-stocks-are-appealing-51563592780?mod=past_editionsM* Snapshot GDX:
https://www.morningstar.com/etfs/arcx/gdx/quote
