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Investors are increasingly allocating capital to gold-backed Exchange Traded Funds (ETFs), with the SPDR Gold MiniShares Trust (GLDM) seeing a significant $664.81 million in single-day inflows. This move reflects a broader trend of rising institutional and retail demand for gold as a portfolio hedge, favoring lower-cost investment vehicles.
Institutional investors are increasing their positions in mining and precious metals companies, signaling a bullish outlook for the sector. This comes as firms like Mesabi Trust and Buenaventura Mining see significant new investment and positive analyst ratings, respectively, while the broader market faces mixed economic signals.
Investment research firm Zacks is highlighting specific stocks for value and momentum even as the broader market struggles. Using its quantitative Style Scores, Zacks identifies Texas Capital (TCBI) as a strong value pick, while Compania de Minas Buenaventura (BVN) and Kohl's (KSS) are flagged for strong momentum.