A Gasoline ETF Is Trading Around Record Highs
Gasoline commodity-related exchange traded fund slipped Tuesday after hitting a record high this week, with gas pump prices crossing above $4 per gallon across the United States for the first time ever.
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Gasoline commodity-related exchange traded fund slipped Tuesday after hitting a record high this week, with gas pump prices crossing above $4 per gallon across the United States for the first time ever.
IShares S&P GSCI Commodity-Indexed Trust(NYSE:GSG): The U.S. economy is facing significant stagflation risks due to raging inflation, ongoing geopolitical crisis, and an economic slowdown. However, amid rising commodity prices, commodity funds serve as solid hedges against inflationary pressures. So, we think commodity ETFs iShares S&P GSCI (GSG), First Trust Global Tactical (FTGC), and KraneShares (KRBN) could now be ideal additions to one’s portfolio.
A wheat commodity-related exchange traded fund surged Monday after India banned exports of wheat in response to growing food security issues.
A palladium exchange traded fund shined on Monday as the precious metal is expected to slip back to a deficit this year.
On this week’s ETF Prime, Nate Geraci speaks with ETF Trends' president Tom Hendrickson about how advisors are viewing and using commodity ETFs in current markets.