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Best online brokers & platforms to buy gold stocks in June 2024

Learn how to buy gold stocks and ETFs & find the best brokers to invest in gold.

Best for beginners

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Get up to $1,000 in stock
  • No-cost financial planning and automated investing
  • Trade stocks, options, ETFs, mutual funds, alternative asset funds
  • $0 commission on stocks, ETFs and options, with no options contract fees

Top pick for advanced traders

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Get up to $5,000 cash
  • Trade options, futures, options on futures, stocks, ETFs
  • $0 commission to close options
  • Pro-grade platform and risk analysis tools

Our pick for cash sweep

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Advanced charts and trading tools
  • Trade stocks, ETFs and equity options without commission and $0 option contract fees
  • Earn up to 8.1% APY on your uninvested cash
  • Get a 1.5% match in cash on transferred assets up to $300 or up to 15 free fractional shares worth between $2 and $2,000

How to buy gold stocks and ETFs

  1. Compare investing platforms. Narrow down top platforms that fit your goals and offer investing in gold.
  2. Open your brokerage account. Complete an application with your personal and financial details.
  3. Confirm your payment details. Link an account to fund your trades.
  4. Research the stock. Find the stock or ETF by name or ticker symbol and determine if it’s a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Best brokers for gold stocks & ETFs

Compare minimum deposits, fees and signup bonuses among top trading platforms.

1 - 5 of 5
Name Product Ratings Available asset types Minimum deposit Advisory fee Cash sweep APY Signup bonus
SoFi Invest®
Finder Score: 4.2 / 5: ★★★★★
SoFi Invest®
★★★★★
Stocks, Mutual funds, ETFs, Alternatives
$0
$0
0.02%
Get up to $1,000 in stock
Commission-free stocks, ETFs and options, with no options per-contract fees. Plus, a no-cost robo-advisor and complimentary access to certified financial planners (CFPs).
Tastytrade
Finder Score: 4.4 / 5: ★★★★★
Tastytrade
★★★★★
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
$0
$0
N/A
Get $50-$5,000
Competitive, capped options commissions, with a reliable trading platform designed for serious traders.
Moomoo
Finder Score: 4.7 / 5: ★★★★★
Exclusive
Moomoo
★★★★★
Stocks, Options, ETFs
$0
$0
Up to 8.10%
Choose a 1.5% match or up to 15 free fractional shares
No commission stock, ETF and options trades, with $0 equity options contract fees, low margin rates and advanced trading tools.
Public.com
Finder Score: 4.2 / 5: ★★★★★
Public.com
★★★★★
Stocks, Bonds, Options, ETFs, Cryptocurrency, Alternatives, Treasury Bills, High-yield cash account
$0
$0
5.1%
Get up to $10,000 and transfer fees covered
Build a diversified portfolio of stocks, bonds, options, ETFs, crypto and alternative assets, with a high-yield cash account and options contract rebates.
Interactive Brokers
Finder Score: 4.3 / 5: ★★★★★
Interactive Brokers
★★★★★
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures, Forex, Treasury Bills
$0
$0
3.83% Lite
4.83% Pro
N/A
Zero commission stock and ETF trades, with global market access and pro-grade trading tools.
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What are gold stocks and ETFs?

Investors who don’t want to take delivery of physical gold or pay to have it stored in a third-party vault may decide to buy shares in gold stocks or ETFs. Gold stocks and ETFs typically comprise the following:

  • Gold mining companies. These companies specialize in the exploration, mining and selling of physical gold. Mining stocks allow you to directly link your capital to the success of these mines and the changing value and price of gold. Many offer the added benefit of dividends.
  • Gold-focused ETFs. These funds invest in gold mining companies, physical gold or both, giving investors access to a wide array of assets through a single investment.
  • Gold royalty and streaming companies. These companies provide mining companies with capital to expand or develop their projects and, in return, receive a percentage of the mine’s revenue or gold production.

Top gold stocks and ETFs for 2023

Company (Ticker) Market Cap Price Dividend Yield 52-wk high 52-wk low
Anglogold Ashanti (AU.US) 9.67 billion $22.77 1.65% $26.01 $14.78
DRDGold (DRD.US) 0 billion $8.02 5.51% $11.49 $6.39
Gold Fields (GFI.US) 0 billion $13.5 3.23% $18.96 $10.16
Franco Nevada (FNV.US) 0 billion $116 1.24% $147.31 $101.65
Royal Gold (RGLD.US) 0 billion $120.69 1.32% $134.56 $100.22
Royal Gold (GLD.US) 0 billion $214.9 0% $225.66 $168.3

Here are some of the top gold stocks and ETFs for 2023. Information is accurate as of March 2, 2023.

Newmont (NEM)

Colorado-based Newmont is the world’s largest gold mining company based on production and market cap and the only gold producer included in the S&P 500 index. The company operates mines in North America, South America, Australia and Africa and holds reserves of over 96 million gold ounces as of the end of 2022. Most recently, Newmont’s Coffee Gold Project — a proposed open-pit and heap leaching gold development project located in west-central Yukon — was approved by Canadian federal and territorial governments. The proposed mine will be capable of producing roughly 67 million tons of ore over the project’s lifecycle, according to the CBC.

  • Price: $44.10 as of market close March 1, 2023*
  • 52-week range: $37.45 to $86.37*
  • Performance YTD: -11.05%*
  • Dividend yield: 3.67%*
  • Analysts’ opinion: 2 Strong Buys, 9 Buys and 7 Holds*
  • Analysts’ consensus recommendation: Hold*
  • Analysts’ average price target: $74.03*

*Compiled using data from Yahoo Finance

Franco-Nevada (FNV)

Franco-Nevada is a leading gold-focused royalty and streaming company. In the third quarter of 2022, precious metal revenue accounted for 67.9% of the company’s revenue of which 54.7% was from gold.

Headquartered in Canada, Franco-Nevada provides investors with dividends and exposure to gold price and exploration optionality. The company’s portfolio comprises 404 assets covering roughly 63,000 square kilometers, primarily throughout North America, South America, Africa and Australia. While Franco-Nevada doesn’t perform mining operations, it receives revenue through various agreements. These include: net smelter return royalties, streams, net profit interests, net royalty interests and working interests.

  • Price: $133.82 as of market close March 1, 2023*
  • 52-week range: $109.70 to $169.32*
  • Performance YTD: -3.13%*
  • Dividend yield: 1.02%*
  • Analysts’ opinion: 1 Buy and 5 Holds*
  • Analysts’ consensus recommendation: Hold*
  • Analysts’ average price target: $142.65*

*Compiled using data from Yahoo Finance

SPDR Gold Shares (GLD)

The SPDR Gold Shares ETF is the largest physically backed gold ETF globally, with over $63 billion in assets under management. It aims to track the performance of gold bullion and has over 34 million ounces of vaulted gold in its custody. The fund has been operating since 2004.

  • Price: $170.76 as of market close March 1, 2023*
  • 52-week range: $150.57 to $193.30*
  • Performance YTD: -0.18%*
  • Dividend yield: 0%*
  • Net assets: $56.7 billion
  • Expense ratio: 0.40%

*Compiled using data from Yahoo Finance

Bottom line

If you’re searching for ways to protect your wealth or diversify your investments, gold bullion, stocks and ETFs may be a practical addition to your portfolio. These securities provide a means to add gold exposure to your portfolio, either through physical acquisition or exposure through the stock market. Regardless of how you choose to invest in gold, remember that, like all investments, it carries risk.

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