Warren Buffett’s bet on Barrick boosts gold ETFs. What to watch in the soaring space

Warren Buffett’s bet on Barrick boosts gold ETFs. What to watch in the soaring space

It's been a great year for gold ETFs.The group rallied Monday after it was revealed in SEC filings that billionaire investor Warren Buffett's company Berkshire Hathaway initiated a $562 million position in miner Barrick Gold in the second quarter.Exchange-traded funds that track physical gold, including the popular SPDR Gold Shares Trust (GLD), continued to climb Tuesday. The VanEck Vector Gold Miners (GDX) and Junior Gold Miners (GDXJ) ETFs reversed course, each falling less than 1%.Year to date, however, the miners have outperformed. GDX and GDXJ are up about 46% and nearly 45% for 2020, respectively, while the GLD and its peers all mirror gold's gains, up about 32%. GLD is now the sixth-largest ETF on the market, with more than $79 billion in assets under management as of Monday."It's clear that ETF investors want to be in