- Investors are piling into gold, sending the precious metal to a six-year high this week, and analysts think the commodity has established a "base" to go even higher.
- The precious metal is up more than 8% this month, on pace for its best monthly performance since 2016.
- Credit Suisse and Morgan Stanley are among the Wall Street firms that see a big second half of the year for gold.
The SPDR Gold Shares (GLD) was trading at $134.31 per share on Tuesday afternoon, up $0.37 (+0.28%). Year-to-date, GLD has gained 8.62%, versus a 9.82% rise in the benchmark S&P 500 index during the same period. GLD currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #1 of 34 ETFs in the Precious Metals ETFs category.
This article is brought to you courtesy of CNBC.