The price of gold has fluctuated between about $3,250 and $3,450 since mid-April, a change from the long-term rally extending all the way back to the beginning of 2024. With the precious metal setting all-time record high price points many times in the last 18 months, this change in trajectory brings about additional uncertainty: Can gold continue its upward trend? Or will this mark a plateau before a price drop comes?
Investors adopting a bullish view of gold might argue that many factors driving its price increase in recent quarters have not yet changed. Central banks have continued to buy up gold to hedge against an unpredictable U.S. economy and dollar; inflation concerns remain rampant, and the broader geopolitical landscape is still fraught. Investors who believe that gold will continue its surge and have a high risk tolerance could look to three high-risk, high-reward gold-focused exchange-traded funds (ETFs) to make a big bet on the metal.
