Gold 2024 Midyear Outlook: Three Drivers at the Helm for Gold
Backed by central bank buys and robust demand from China, gold gained strong momentum this year. We believe a third driver could add to gold demand: a shift in macro environment risks.
Gold’s investment characteristics, rooted in multiple sources of demand across global economic and business cycles, may help gold serve multiple roles in an investor’s portfolio — during good times and bad.
Gold is often classified as a commodity alongside other precious metals or broader commodities, like oil and real estate. But with gold’s unique fundamentals and characteristics, it may warrant its own classification in an investor’s portfolio.
Investors can access gold in many different ways — from bars and coins to mutual funds and futures contracts. But gold-backed exchange traded funds (ETFs) offer a high degree of flexibility, transparency, and accessibility to the gold market with the cost-effective liquidity benefits of an ETF wrapper. Learn about the different ways gold can be added to a portfolio and the potential advantages of accessing gold using an ETF.
Increasingly, investors are turning to alternative investments like gold for diversification. How are they planning to reallocate portfolios in the next 12 months? Find this and more in the ETF Impact Report.
In November 2004, State Street Global Advisors launched SPDR GLD®, the first US gold-backed ETF. GLD’s arrival made it convenient and cost effective for investors to have gold exposure in their portfolios. We’ve built a dedicated team of SPDR gold strategists to help investors understand how gold can fit in a portfolio, and launched GLDM® in 2018 in response to growing investor need for a low-cost, gold-backed ETF option.