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Investors’ rising interest in gold is evidenced by the SPDR Gold Trust ETF’s (P:GLD) 4.7% returns over the past month versus the SPDR S&P 500 Trust ETF’s (SPY) 0.3% decline.
Because rising consumer spending on the back of an improving job market could lead to further increases in consumer prices, demand for gold as a hedge should rise further. As such, we think it could be wise to invest now in GLD and VanEck Vectors Gold Miners ETF (NYSE:GDX).
