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Why Gold Prices Could Increase in the Short Term

VanEck of VanEck
Why Gold Prices Could Increase in the Short Term

The Vanguard Group announced that its $2.3 billion Precious Metals and Mining Fund will change focus in late September to a more diversified mandate that features telecommunications, utilities, materials, and natural resources. The last time Vanguard changed the fund’s mandate was also at a low in the gold market. As of June 30, the Vanguard fund was approximately 77% invested in gold, silver, and other precious metals stocks.