Gold Mining ETF (SGDM) Hits New 52-Week High

Group 1 - The Sprott Gold Miners ETF (SGDM) has reached a 52-week high and is up 121.09% from its 52-week low price of $26.60 per share [1] - The underlying index, Solactive Gold Miners Custom Factors Index, tracks larger-sized gold companies listed on Canadian and major U.S. exchanges, with an annual fee of 50 basis points [1] - The recent performance of gold is influenced by geopolitical tensions and increased demand for safe-haven assets, alongside the Federal Reserve's rate cuts [2] Group 2 - SGDM is expected to maintain strong performance in the near term, indicated by a positive weighted alpha of 104.17, suggesting potential for further gains [3]