<p>过去几个月对黄金来说是动荡不安的，作为标志性的避险金属，它在年初达到了历史高点，但随后经历了许多起伏。</p>
<p>特朗普总统提名凯文·沃什担任美联储主席，加上伊朗持续的战争以及其他许多因素，自 1 月底以来导致了两次显著的下跌。</p>
<p>不过，在五月的头几天，黄金似乎再次上涨，过去一周上涨了约 2%，使其年初至今（YTD）的表现达到了约 9%。这可能不足以促使黄金多头急于加仓以期待另一波持续的反弹，但至少突显了预测黄金价格走向的困难。</p>
<p>幸运的是，有现成的投资选择可以让投资者无论黄金未来如何都能受益。三只交易所交易基金（ETFs）可能是间接黄金投资的有益组成部分，可以最大化潜在回报，无论价格是上涨还是下跌。</p>
<h2>一种具有吸引力股息的黄金/股票混合投资</h2>
<p>WisdomTree Efficient Gold Plus Equity Strategy Fund BATS: GDE 是一只积极管理的混合型 ETF，投资于黄金期货合约以及包括 NVIDIA Corp. NASDAQ: NVDA 和 Alphabet Inc. NASDAQ: GOOGL 在内的大型美国股票组合。</p>
<p>虽然投资者可能更常将该基金视为一只带有黄金通胀对冲的股票 ETF，但这种结构也可以反过来：GDE 可以被视为一只具有股票敞口的黄金 ETF，以实现平衡。</p>
<p>考虑到其独特的投资方式和管理，GDE 的费用比率为 0.20%，相对适中。</p>
<p>事实上，该基金在 2026 年迄今为止的表现超过了黄金和标准普尔 500 指数：其 YTD 回报约为 12.5%。</p>
<p>此外，该基金的股息收益率为 3.77%，使其成为一个相当强劲的被动收入投资，并增加了其作为投资组合多样化工具的吸引力，旨在避免对黄金或股票进行过于激进的押注。</p>
<h2>针对黄金矿业的投资，包括特许权使用费公司</h2>
<p>与直接投资黄金相比，美国全球 GO GOLD 和贵金属矿业 ETF NYSEARCA: GOAU 则专注于仅有的二十多家全球黄金矿业公司的狭窄投资组合。</p>
<p>该基金的基础股票来自多个国家，确保如果某个国家或地区出现生产问题，投资组合能够合理分散，以抵御这些冲击。</p>
<p>重要的是，GOAU 采取的投资方式比其他一些黄金矿业基金更为保守，因为许多最大持股——占投资资产的近三分之一——是像 Royal Gold Inc. NASDAQ: RGLD 这样的黄金特许权使用费公司。</p>
<p>与矿业公司相比，特许权使用费公司可能更具吸引力，因为它们的运营成本相对较低，生产停滞相关的风险也较小，等等。</p>
<p>GOAU 的细分市场聚焦确实带来了更高的费用，其年费为 0.60%，是 GDE 的三倍。其股息收益率也较低，为 0.89%。截至目前，GOAU 的年回报约为 4%，可能没有享受到与 GDE 相同的 2026 年初的提振。</p>
<h2>针对黄金现货的-2 倍杠杆投资，适合看空者</h2>
<p>对于在最近几个季度黄金经历了惊人反弹后真正看空黄金的投资者来说，一些 ETF 采取了反向策略，在黄金价格（或在某些情况下，黄金相关股票）下跌时获利。</p>
<p>一个经典的例子是 ProShares UltraShort Gold ETF NYSEARCA: GLL，它通过基于期货的指数提供-2 倍的黄金现货价格日常杠杆敞口。</p>
<p>当黄金价格下跌时，GLL 旨在获得双倍的正回报。</p>
<p>与大多数杠杆基金一样，GLL 每天重置，这意味着它仅适用于短期的战术性看空黄金投资。由于多种因素导致现货价格在最近几个月出现波动，投资者可能会发现有很多机会可以利用价格下跌。</p>
<p>鉴于其专业策略和杠杆，GLL 的费用比率合理地较高，基金的费用比率为 0.95%。即使是对黄金价格普遍持乐观态度的投资者，如果他们预期短期内会出现下跌，从而为 GLL 提供机会，也可能想要考虑这一点。</p>
<h2>你现在应该投资$1,000 到 WisdomTree Efficient Gold Plus Equity Strategy Fund 吗？</h2>
<p>在考虑 WisdomTree Efficient Gold Plus Equity Strategy Fund 之前，你需要听听这个。</p>
<p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师及其每日推荐的股票。MarketBeat 已识别出五只顶级分析师正在悄悄建议客户现在购买的股票，以便在更广泛的市场意识到之前...而 WisdomTree Efficient Gold Plus Equity Strategy Fund 并不在名单上。</p>
<p>虽然 WisdomTree Efficient Gold Plus Equity Strategy Fund 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票的详情</p>

纽蒙特矿业

阿尼科伊格尔矿业

<p>这篇文章讨论了三种创新的黄金 ETF，它们在波动的黄金价格中提供独特的投资策略。WisdomTree Efficient Gold Plus Equity Strategy Fund 将黄金期货与大盘股结合，年初至今回报率为 12.5%，股息收益率为 3.77%。U.S. Global GO GOLD and Precious Metal Miners ETF 专注于黄金矿业公司，包括特许权公司，年初至今回报率为 4%，但费用比率较高。最后，ProShares UltraShort Gold ETF 为看跌投资者提供-2 倍杠杆敞口，旨在进行针对黄金的短期战术押注</p>

<p>It has been a tumultuous few months for gold, as the iconic safe-haven metal started the year by ascending to all-time highs but has since had plenty of ups and downs.</p>
<div class="lb-trans"><p>过去几个月对黄金来说是动荡不安的，作为标志性的避险金属，它在年初达到了历史高点，但随后经历了许多起伏。</p>
</div><p>President Trump's nomination of Kevin Warsh to the position of chairman of the Federal Reserve Board, the ongoing war in Iran, and many other factors have caused two significant dips since late January.</p>
<div class="lb-trans"><p>特朗普总统提名凯文·沃什担任美联储主席，加上伊朗持续的战争以及其他许多因素，自 1 月底以来导致了两次显著的下跌。</p>
</div><p>Still, in the first days of May, gold seems to be on the rise once again, having climbed by about 2% in a week and bringing its overall year-to-date (YTD) performance to about 9%. This may not be enough to send gold bulls running to shore up their positions in anticipation of another sustained rally, but at least it highlights how difficult it can be to predict just where the price of gold will go.</p>
<div class="lb-trans"><p>不过，在五月的头几天，黄金似乎再次上涨，过去一周上涨了约 2%，使其年初至今（YTD）的表现达到了约 9%。这可能不足以促使黄金多头急于加仓以期待另一波持续的反弹，但至少突显了预测黄金价格走向的困难。</p>
</div><p>Fortunately, there are ready-made bets that can position investors to benefit no matter what gold may do going forward. Three exchange-traded funds (ETFs) may be a helpful part of a balanced, though indirect, gold investment that can maximize potential returns regardless of whether prices rise or fall.</p>
<div class="lb-trans"><p>幸运的是，有现成的投资选择可以让投资者无论黄金未来如何都能受益。三只交易所交易基金（ETFs）可能是间接黄金投资的有益组成部分，可以最大化潜在回报，无论价格是上涨还是下跌。</p>
</div><h2>A Gold/Equities Hybrid Play With a Compelling Dividend Bonus</h2>
<div class="lb-trans"><h2>一种具有吸引力股息的黄金/股票混合投资</h2>
</div><p>The WisdomTree Efficient Gold Plus Equity Strategy Fund BATS: GDE is an actively managed hybrid ETF that invests in both gold futures contracts as well as a portfolio of large-cap U.S. equities, including major firms like NVIDIA Corp. NASDAQ: NVDA and Alphabet Inc. NASDAQ: GOOGL.</p>
<div class="lb-trans"><p>WisdomTree Efficient Gold Plus Equity Strategy Fund BATS: GDE 是一只积极管理的混合型 ETF，投资于黄金期货合约以及包括 NVIDIA Corp. NASDAQ: NVDA 和 Alphabet Inc. NASDAQ: GOOGL 在内的大型美国股票组合。</p>
</div><p>While investors may more commonly think of the fund as a stocks ETF with a gold-based inflation hedge built in, this structure can also be flipped: GDE can be a gold ETF with equities exposure for balance.</p>
<div class="lb-trans"><p>虽然投资者可能更常将该基金视为一只带有黄金通胀对冲的股票 ETF，但这种结构也可以反过来：GDE 可以被视为一只具有股票敞口的黄金 ETF，以实现平衡。</p>
</div><p>Considering its unique approach and management, GDE's expense ratio of 0.20% is quite moderate.</p>
<div class="lb-trans"><p>考虑到其独特的投资方式和管理，GDE 的费用比率为 0.20%，相对适中。</p>
</div><p>And indeed, the fund has been able to outperform both gold and the S&amp;P 500 so far in 2026: its YTD returns are about 12.5%.</p>
<div class="lb-trans"><p>事实上，该基金在 2026 年迄今为止的表现超过了黄金和标准普尔 500 指数：其 YTD 回报约为 12.5%。</p>
</div><p>On top of that, the fund pays a dividend yield of 3.77%, making it a fairly strong passive income play and adds to its appeal as a diversifier in a portfolio looking to avoid making too bold a bet on either gold or stocks.</p>
<div class="lb-trans"><p>此外，该基金的股息收益率为 3.77%，使其成为一个相当强劲的被动收入投资，并增加了其作为投资组合多样化工具的吸引力，旨在避免对黄金或股票进行过于激进的押注。</p>
</div><h2>A Targeted Gold Miner Approach Including Royalties Companies</h2>
<div class="lb-trans"><h2>针对黄金矿业的投资，包括特许权使用费公司</h2>
</div><p>A step removed from a direct investment in gold itself, the U.S. Global GO GOLD and Precious Metal Miners ETF NYSEARCA: GOAU instead targets a narrow portfolio of just over two dozen global gold mining companies.</p>
<div class="lb-trans"><p>与直接投资黄金相比，美国全球 GO GOLD 和贵金属矿业 ETF NYSEARCA: GOAU 则专注于仅有的二十多家全球黄金矿业公司的狭窄投资组合。</p>
</div><p>The fund's underlying stocks come from a number of countries, ensuring that if there are production issues impacting a particular nation or region, the basket is reasonably well diversified to insulate against those shocks.</p>
<div class="lb-trans"><p>该基金的基础股票来自多个国家，确保如果某个国家或地区出现生产问题，投资组合能够合理分散，以抵御这些冲击。</p>
</div><p>Importantly, GOAU takes a somewhat more conservative approach than some other gold mining funds, as many of the largest holdings—accounting for just under a third of the invested assets—are gold royalty companies like Royal Gold Inc. NASDAQ: RGLD.</p>
<div class="lb-trans"><p>重要的是，GOAU 采取的投资方式比其他一些黄金矿业基金更为保守，因为许多最大持股——占投资资产的近三分之一——是像 Royal Gold Inc. NASDAQ: RGLD 这样的黄金特许权使用费公司。</p>
</div><p>Royalties companies may be attractive compared to mining firms because of their relatively lower operating costs, reduced risk associated with production stoppages, and so on.</p>
<div class="lb-trans"><p>与矿业公司相比，特许权使用费公司可能更具吸引力，因为它们的运营成本相对较低，生产停滞相关的风险也较小，等等。</p>
</div><p>GOAU's niche focus does come at a higher price, and at an annual fee of 0.60% this carries triple the expense ratio of GDE. Its dividend yield is also lower at 0.89%. With an annual return of around 4% YTD, GOAU may not have enjoyed the same early-2026 boost as GDE either.</p>
<div class="lb-trans"><p>GOAU 的细分市场聚焦确实带来了更高的费用，其年费为 0.60%，是 GDE 的三倍。其股息收益率也较低，为 0.89%。截至目前，GOAU 的年回报约为 4%，可能没有享受到与 GDE 相同的 2026 年初的提振。</p>
</div><h2>A -2X Leveraged Play on Gold Bullion for Bears</h2>
<div class="lb-trans"><h2>针对黄金现货的-2 倍杠杆投资，适合看空者</h2>
</div><p>For investors truly bearish on gold after its incredible rally in recent quarters, a handful of ETFs take an inverse approach, benefiting when the price of gold (or, in some cases, gold-related stocks) falls.</p>
<div class="lb-trans"><p>对于在最近几个季度黄金经历了惊人反弹后真正看空黄金的投资者来说，一些 ETF 采取了反向策略，在黄金价格（或在某些情况下，黄金相关股票）下跌时获利。</p>
</div><p>A classic example of this is the ProShares UltraShort Gold ETF NYSEARCA: GLL, which provides -2x daily leveraged exposure to the price of gold bullion via futures-based indexing.</p>
<div class="lb-trans"><p>一个经典的例子是 ProShares UltraShort Gold ETF NYSEARCA: GLL，它通过基于期货的指数提供-2 倍的黄金现货价格日常杠杆敞口。</p>
</div><p>When the price of gold falls, GLL aims for positive returns at double that level.</p>
<div class="lb-trans"><p>当黄金价格下跌时，GLL 旨在获得双倍的正回报。</p>
</div><p>Like most leveraged funds, GLL resets on a daily basis, meaning it is designed for only short-term, tactical bets against gold. With a confluence of factors sending the price of bullion zig-zagging in recent months, investors may find plenty of opportunities to capitalize on price drops.</p>
<div class="lb-trans"><p>与大多数杠杆基金一样，GLL 每天重置，这意味着它仅适用于短期的战术性看空黄金投资。由于多种因素导致现货价格在最近几个月出现波动，投资者可能会发现有很多机会可以利用价格下跌。</p>
</div><p>GLL's expense ratio is justifiably high given its specialized strategy and leverage, and the fund charges an expense ratio of 0.95%. Even investors generally optimistic about the price of gold might want to consider this if they expect a short-term dip that could provide an opportunity for GLL to shine.</p>
<div class="lb-trans"><p>鉴于其专业策略和杠杆，GLL 的费用比率合理地较高，基金的费用比率为 0.95%。即使是对黄金价格普遍持乐观态度的投资者，如果他们预期短期内会出现下跌，从而为 GLL 提供机会，也可能想要考虑这一点。</p>
</div><h2>Should You Invest $1,000 in WisdomTree Efficient Gold Plus Equity Strategy Fund Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资$1,000 到 WisdomTree Efficient Gold Plus Equity Strategy Fund 吗？</h2>
</div><p>Before you consider WisdomTree Efficient Gold Plus Equity Strategy Fund, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 WisdomTree Efficient Gold Plus Equity Strategy Fund 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WisdomTree Efficient Gold Plus Equity Strategy Fund wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师及其每日推荐的股票。MarketBeat 已识别出五只顶级分析师正在悄悄建议客户现在购买的股票，以便在更广泛的市场意识到之前...而 WisdomTree Efficient Gold Plus Equity Strategy Fund 并不在名单上。</p>
</div><p>While WisdomTree Efficient Gold Plus Equity Strategy Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 WisdomTree Efficient Gold Plus Equity Strategy Fund 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票的详情</p>
</div>

Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches

Market Beat

Kinross Gold

金矿小盘股 ETF - VanEck Vectors

2 倍做多小型金矿指数 ETF - Direxion

金矿股 ETF - VanEck Vectors

3 倍做多黄金矿业 ETN - MicroSectors

黄金 MiniShares 信托 - SPDR

初级黄金矿股 ETF

实物黄金股 ETF - ETFS

全球黄金矿业股 MSCI ETF - iShares

2 倍做多金矿指数 ETF - Direxion

黄金矿 ETF - Sprott

2 倍做多黄金 ETF - ProShares

黄金 ETF - iShares

Wisdomtree Trust-Wisdomtree Efficient Gold Plus Eq Strgy Fd

黄金和贵金属矿商 ETF - U.S. Global

黄金勘探商 ETF - GlobalX

2 倍做空黄金 ETF - ProShares

对黄金感到兴奋但不确定其未来走势？可以尝试以下三种方法