Precious Metal Fund performance in May

Gold has a negative beta compared to equities. So when stock market goes down, gold price rises and vice versa. So whether gold price will rise in May depends on expectation of stock market. Would think stock market will continue to go up until end of May, so the gold funds will go down. Having said that, when the gold funds are down, it's time to buy as gold is a good hedge for inflation!

It's difficult to select which of the 3 funds will perform the best and as they have similar chart pattern. I've selected $Ninety One GSF Global Gold Fund (LU1858852160.MF)$ because Ninety One is independently managed. Independent advisors tend to have better performance. It seems to have better performance compared to the other Global One Fund managed by Ninety One.