ProShares UltraShort Gold

GLL

Market cap $70.4M

A number of exchange-traded funds (ETFs) are devoted exclusively to gold, a precious metal valued for its industrial uses and its use as a store of value. The shiny metal is used in jewelry and is a key component in a number of electronic products.

Gold has been used as a store of value for thousands of years. The precious metal's intrinsic value is largely tied to its resilience across multiple millennia, but the resource is also valuable for several industries.

U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed.

U.S. inflation remained sticky this year, which means that the Fed may go slow in cutting interest rates this year. Investors may play these ETF strategies to ride out the current edgy investing scenario.