This ETF Is One Way To Hedge Risks In Volatile Market

Traders and investors diversify their portfolio with Gold ETFs. The yellow metal is not only used to hedge against inflation, but also is considered a safe asset, which means that its price typically climbs when stock markets are volatile or on a downtrend.

On CNBC’s “The Final Call,” Carter Worth of Carter Braxton Worth Charting recommended traders to buy VanEck Gold Miners ETF (NYSE: GDX) and SPDR Gold Trust (NYSE: GLD) and sell SPDR S&P 500 ETF Trust (NYSE: SPY).

Check out stocks making moves in the premarket.

Mike Khouw of Optimize Advisors seconded Worth’s recommendation of going long on VanEck Gold Miners ETF.