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  5. XGD: Morning XGD has done well in 2025 Please comment on possible return for 2026 Thank you [iShares S&P/TSX Global Gold Index ETF]
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Q: Morning
XGD has done well in 2025
Please comment on possible return for 2026
Thank you
Asked by Michael on January 05, 2026
5i Research Answer:

Conditions remain good for gold. These include geopolitical tensions, a weak US dollar, central bank buying, lower interest rates and some supply issues (lower grades). We would expect good things from XGD, but not as good as last year (134%).