Global X Gold Explorers ETF [GOEX] Stock Forecast

While gold equities were up almost twice as much as gold in January, they were down more than twice as much in February. On February 13, B2Gold announced an agreement to acquire junior developer Sabina Gold & Silver in an all-share transaction.

Geopolitical events could move the needle for gold and silver, particularly when it comes to the the civil unrest in China. This could spur a demand for safe haven assets, propping up gold and silver exchange traded funds (ETFs) in the process.

Gold logged in the biggest weekly gain in more than two years, rising more than 5%.

After a rough year thanks to rising interest rates feeding into a stronger dollar, gold and silver have been down for most of 2022, but there could be signs of a bounce. With the U.S.

Getting gold exposure without having to invest in the precious metal itself is possible. Gold miners can offer a way to do so, particularly if investors want a contrarian play as the dollar gains and interest rates rise.

Gold miner sector-related exchange traded funds jumped Thursday as risk aversion and inflation concerns helped strengthen gold bullion. Among the better performing non-leveraged ETFs of Thursday, the Global X Gold Explorers ETF (GOEX) jumped 7.2%, VanEck Vectors Gold Miners ETF (NYSEArca: GDXJ) increased 6.7%, the Sprott Gold Miners ETF (SGDM) rose 5.3%, the Sprott Junior Gold Miners [.

The fall of the Russian ruble is helping to spur a demand for safe haven assets like a gold in a scramble to preserve wealth. It puts Russian citizens in a precarious position, but it's an ideal place for bullish gold investors to be.

The PHLX Gold/Silver Index is up 7% on the year, making a case for strength in gold prices as inflation and geopolitics come into play. This paves the way for opportunities to play gold indirectly via gold exploration equities.

The 20 worst performers fell by 11-56% in the first half of 2021.

Metals have been the strongest performers the past month when looking at the top gainers in Global X's thematic ETF stable. With the Federal Reserve deciding to stand pat on interest rate raises until 2023, investors could be moving back into metals again.

Global X Gold Explorers ETF is a US stock and trading under the symbol GOEX

Global X Gold Explorers ETF stock price is $22.07 today.

Yes, Global X Gold Explorers ETF is a publicly traded company.