Is it time to consider metal and energy funds?
Hi, mooers! ![]()
Recently, analysts pointed out that the global market turbulence would see buying in assets like gold and crude, which has quickly been confirmed in the market. According to the report, spot gold climbed 0.4 percent to $1,876.08 per ounce earlier on 13 October, while US gold futures rose 0.3 percent to $1,888.8 an ounce. "Gold is a perfect hedge against global market turbulence," said a market economist.
At the same time, Brent Crude, the international benchmark, surged 7.5% to $86.83 in the week, posting its highest weekly gain since February. Commodities economists believed that demand for oil would exceed supply in the final three months of the year, and "that should support higher prices".
Therefore, many investors believe that it might be a good option to invest in the gold and oil market in the short term. What's your outlook on this?
Given the current trends in the oil and gold markets, would you consider investing in related funds? We have several funds holding exposure to oil or gold in the "Fund House" section on moomoo! Have you been keeping an eye on the impressive performance of these particular funds? Let's take a closer look at them!
Related Funds
Metal Funds
Energy Funds
*The above fund selection is based on the data disclosed in the fact sheets of fund companies.
*The selected currency for the funds in this event is USD or SGD. Only one dividend type will be displayed for the same fund.
Share your insights with us and win rewards!
1. What is your view on the future development of the gold and oil markets? Do you have a bullish or bearish outlook on the prices of gold and oil?
2. Have you thought about investing in related assets, like funds holding exposure to gold or the oil industry? If so, which fund specifically matches your investment preferences, and what is the reason behind your decision?
24 Oct - 3 Nov
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mr_cashcow : Every time a huge conflict breaks out, investor will turn to seek safe heaven assets to preserve capital and reduce overall portfolio risk. The list of safe haven assets to invest in typically includes gold, government bonds, real estate, and stable currencies like the US dollar. Therefore we see a increase in gold prices during this complex Israel-Palestine conflict
Praying for world peace
Let us compare the 1 year performance of the respective funds!
$BGF World Gold Fund (LU0055631609.MF)$ +16.51%
$Ninety One Global Gold Fund (LU0345780281.MF)$ +14.94%
Personally I have been keeping an eye on the below Gold funds
$BGF World Gold Fund (LU0368265764.MF)$ +13.85%
$Ninety One GSF Global Gold Fund (LU1858852160.MF)$ +11.98%
As for oil prices lately it have also been on the rise
$BGF World Energy Fund (LU0122376428.MF)$ +5.88%
$Franklin Natural Resources Fund (LU0300736062.MF)$ +1.56%
Personally I have been keeping my eye on this energy fund
$BGF World Energy Fund (LU0368265418.MF)$ +4.28%
BGF World Gold & Energy funds both made impressive gains over the year
Disclaimer: All the above are my own personal opinion and are NOT financial advises, plz DYOR/DD
RickPANDA : PCT: Gold & Oil Funds v1.0 :
PCT = Pandas Coffee Talk.
If Israel Wars start to end. Gold & Oil Funds will start to drop. So if we pandas want to invest in them. Must monitor news & out step-by-step-ly with a systems. But unlike Ukraine. Based on chess history. Israel fight short terms wars. Because her reservists activations destroy her GDP. So it is not 1Year time frames like Ukraine Wars.
kiore : good
JCEin : Gold will always be in demand . Hedge against inflation . Oil - despite the talk about clean energy sustainability etc - oil will still be needed for many more years to come . Wasted I didn’t hold on to $Enterprise Products (EPD.US)$ as a midstream company - it still reliably give out quarterly dividends .
persistent Puppy_048 : go for gold!
persistent Puppy_048 persistent Puppy_048: *gold
PeppaMum : Wonderful
102182303 : good
102517332 : Gold
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