Think Gold and Silver are Due for a Bounce? Then Buy These 4 ETFs By StockNews – Investing.com

Think Gold and Silver are Due for a Bounce? Then Buy These 4 ETFs By StockNews – Investing.com

© Reuters. Think Gold and Silver are Due for a Bounce? Then Buy These 4 ETFs

Gold and silver prices declined this week as investors anticipated the Fed’s policy decision after the latest CPI inflation report. However, prices rose marginally today, and analysts expect gold prices to rise to $1,900 per ounce in 2022. Furthermore, rising inflation could make holding precious metals more attractive than holding U.S. dollars. Hence, the SPDR Gold (GLD), VanEck Vectors Gold Miners (GDX), iShares Silver (SLV), and Global X Silver Miners (SIL) ETFs might be reasonable bets now. Read on.Precious metals have long been reliable investments in the face of rising prices for consumer goods. However, gold and silver prices have declined this week as the investors anticipated the Fed’s policy decision in response to the latest inflation report. But despite seemingly heading for a fourth straight decline this week, prices rose 0.1% to $1,776.23 per ounce, while spot silver prices gained 0.2% to $21.97 an ounce on December 10.

Analysts at the investment banking firm Société Générale S.A (SCGLY (OTC:)) expect gold prices to trade at around $1,900 per ounce by the second quarter of 2022 because they do not anticipate interest rate hikes before