Gold’s Big Breakout? These ETFs Are Already Soaring - 7/23

test $3,600—and even hit $4,000 by 2026, according to analysts.

This powerful momentum has sent two gold-focused ETFs sharply higher in recent months, delivering impressive gains for early investors. And if current macro trends hold, these funds could have far more room to run.

Let’s break down what’s fueling gold’s rally—and the two ETFs leading the charge.

Central Banks Are Driving a Global Gold Buying Boom

A major driver behind the gold surge? 70,000 troy ounces of gold, bringing its total reserves to MarketWatch, there’s growing speculation that China may be buying even more gold off the books, as part of a broader effort to diversify away from the U.S. dollar. This “stealth buying” adds fuel to an already bullish narrative.

And it’s not just China. Central banks around the globe—especially in emerging markets—are continuing to load up on gold to hedge against inflation, geopolitical risk, and currency volatility.

CIBC Sees Gold Testing $3,600 This Year

Canadian investment bank

Elevated geopolitical tensions in the Middle East and Eastern Europe

Central bank stockpiling of physical gold

“We continue to expect a positive macroeconomic setup for gold,” said CIBC in a note cited by when and how fast, not THREE UNSTOPPABLE FORCES ARE CONVERGING RIGHT NOW

2 Gold ETFs Leading the Breakout If you want to ride the gold rally without the headaches of buying physical metal or choosing individual miners, VanEck Vectors Gold Miners ETF (SYM: GDX) The large-cap gold mining companies—the firms with the resources, reserves, and balance sheets to benefit the most from rising gold prices. GDX has surged from $34 to over $54.50, with strong upside momentum continuing. With gold potentially breaking new highs, GDX could test Spotting early trends could change your portfolio forever. Discover how pros identify coins with 1,000%+ potential and position early. This free summit delivers expert-level insight. ETF: For even more upside potential—though with higher risk—consider the junior gold miners: smaller, growth-oriented mining companies with substantial resource potential. $34 to $53.50. Given the breakout in gold prices, a run to Found this helpful? Share it with others. Share Article Written by Ian Cooper Our Flagship Publication Discover Great Companies Trading at a Discount Join Behind the Markets Previous Forget the Panic—Here’s Where the Smart Money Is Going - 7/22 Next Meme Stock Frenzy 2.0: Opportunity or Trap? - 7/24 How can I assist you?