Is the gold market finally regaining its luster? Given how the price of gold has currently been moving, it certainly seems possible.
Key Takeaways:
- 2026 has been a rocky year for gold, but the precious metal is now on the upswing.
- Spot gold recently hit $4.295 an ounce on Thursday, August 6, buoyed by a weak payrolls report and the potential for a reopened Strait of Hormuz.
- Actively managed ETFs like the Sprott Active Gold & Silver Miners ETF (GBUG) can help advisors and investors ride the gold train while being ready to react to changing conditions.
The price of spot gold rose to $4,295 an ounce for a while on Thursday, August 6. This marks the highest price gold has sat at since late June.
Stronger gold prices are happening for a couple different reasons. First of all, optimism is rising that the Strait of Hormuz may finally reopen soon. The news in Iran is certainly welcome, but new jobs data from ADP is helping gold, too.
In July, the ADP report found that private companies only added about 44,000 jobs. This is a significant drop from June’s 95,000 jobs, and roughly 30,000 less than what many advisors were expecting from the report.
See More: Gold’s Midyear Check-In: Debasement & Banks Remain Key
This matters because it could affect how the Fed positions its interest rate regimen. An underwhelming ADP report may cause the central bank to hesitate on a potential rate hike, which could work in gold’s favor.
An Active Opportunity for Gold ETFs
All in all, these developments are a crucial reminder that it could pay off to stick with gold, even through bouts of uncertainty. After all, the long-term fundamentals behind the precious metal remain sound, and macroeconomic events and reports may continue to work in the metal’s favor.
One of the more opportunistic ways to ride out gold exposure in 2026 is through an actively managed ETF. ETFs offer easy access to securities and sectors of one’s choice, and active management can provide the flexibility needed to react to changing conditions.
See More: How an Industrial Surge Can Drive Silver’s Price Comeback
As an example, look to the Sprott Active Gold & Silver Miners ETF (GBUG). GBUG leverages Sprott’s expertise within the commodities market to provide focused access to companies engaged in gold and silver mining.
Not only does GBUG benefit from Sprott’s experience and active management, but the fund provides nice diversification as well. Given that it invests in silver miners along with gold miners, GBUG is not beholden to gold in order to find momentum. This approach approach could help the fund find success in the months to come, especially as conditions grow more favorable for precious metals.
For more news, information, and analysis, visit the Gold/Silver/Critical Minerals Content Hub.
Disclosures
An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Prospectus, which contains this and other information, contact your financial professional or call 888.622.1813. Read the Prospectus carefully before investing, which can also be found by clicking one of the links below.
Past performance is no guarantee of future results. One cannot invest directly in an index.
Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of investment losses. ETFs are considered to have continuous liquidity because they allow an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fund’s performance.
Sprott Asset Management USA, Inc. is the Investment Adviser to the ETFs. ALPS Distributors, Inc. is the Distributor for the ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc. or VettaFi.
Originally posted on ETF Trends
Exchange Traded Funds (ETFs): SETM, LITP, URNM, URNJ, COPP, COPJ, NIKL, SGDM, SGDJ, SLVR, GBUG, METL, and REXC
Physical Bullion Funds: PHYS, PSLV, CEF, and SPPP.
Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.
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