Analysts are closely watching the performance of gold, as many are anticipating the $1,000 mark, so which exchange traded fund (ETF) should investors be ready to play?

From April 17 through May 26, gold bullion jumped from $ 867.90 to $953.90 an ounce — a 10% gain in less than six weeks, says Ron Rowland for iStock Analyst. Market watchers are thinking that gold may break the $1,000 mark sooner than later.

One of the best ways to access the physical metal without actual holding is through ETFs.  There are other ways to access the metal, such as options trading or futures, but those are complicated. Going to a physical dealer and buying gold coins was another old way, but the holding is tricky and enough to make anyone paranoid. It all boils down to the fact that however you choose to play the metal, there are a variety of easy ways to do it with ETFs.

ETFs That Hold Bullion. By owning funds that hold gold bullion, you can follow along with the spot price of gold without having to deal with finding and paying for storage of the physical metal. Two funds that hold bullion are SPDR Gold Shares (GLD) and iShares COMEX Gold Trust (IAU).

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