Gold is often considered to be a safe haven investment in uncertain times and a hedge against inflation. A report released by the World Gold Council (WGC) earlier this month revealed that gold outperformed other major assets, except for developed market stocks, in the first half of this year. Investors keen to gain exposure to gold can invest in physical gold, buy shares of gold mining, streaming, or royalty companies like Barrick Gold (GOLD), Franco-Nevada (FNV), and Osisko Gold Royalties (OR), or gold ETFs like SPDR Gold Shares (GLD).
In its report, WGC noted that gold price increased 5.4% to $1,912.25/oz in the first half of the year. The organization cited a “relatively stable” U.S. dollar and interest rates, event risk hedging, and continued central bank demand as the reasons for the rise in gold prices.
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