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Multiyear Highs in Precious Metals Boosts Related Funds

from January 21, 2020

Precious metals had a strong showing in 2019, with one in particular hitting new record highs. Palladium rose 54.21 percent for the year, crossing above $2,000 an ounce. Gold and silver also rallied, up 18.31 percent and 15.21 percent, respectively.

Because of higher prices, precious metal miners also had an excellent year. In’s “Best Performing ETFs of the Year” rankings, multiple precious metals funds made the list. The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) took the tenth spot – returning an impressive 53.37 percent for the year.

GOAU provides an alternate take on the mining space by screening for fundamental factors and using a complex tiered weighting structure. The fund also puts a special emphasis on royalty and streaming companies, which provide capital to mining start-ups in exchange for a stake in the eventual production.

Past performance does not guarantee future results. Please click here for standardized performance.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The expense ratio is 0.60%.

U.S. Global Investors has authored and is responsible for the summary on this page. All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.