Gold Miners and the SGDM ETF Are Showing Signs of Life
April 9, 2021
Gold and bullion miners had a rough first quarter, but spring and the second half of the year could bring better things for the
As the dollar and Treasury yields fall back, bullion and SGDM could regain their bullish ways.
“Precious metals miners turned in a strong showing today, as gold futures ended higher to mark the highest finish since February, supported partly by a decline in the dollar and an expected rise in inflation,” according to
The Case for a ‘SGDM’ Rebound
With the federal government stepping in to help shore up the economy, it might seem like gold gains could be tamped down. However, some market experts predict that the U.S. economy will be tested in the coming months, potentially further boosting bullion and ETFs.