Gold Mining ETF (RING) Hits a New 52-Week High

Group 1 - The iShares MSCI Global Gold Miners ETF (RING) has reached a 52-week high, increasing by 73.8% from its 52-week low of $27.70 per share [1] - The fund tracks the MSCI ACWI Select Gold Miners Investable Market Index, which reflects the equity performance of companies primarily engaged in gold mining across developed and emerging markets [1] - RING has an annual fee of 39 basis points [1] Group 2 - The recent strength in gold prices is attributed to increased demand from central banks, particularly in BRICS nations and emerging economies, as they seek to reduce reliance on the U.S. dollar [2] - The trend of global de-dollarization has led to record levels of sovereign gold purchases [2] - Tariff tensions during the Trump administration have also contributed to heightened demand for gold and related mining stocks and ETFs [2] Group 3 - RING has a positive weighted alpha of 68.39, indicating strong momentum and suggesting potential for continued outperformance in the coming months [3]