iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Hits New 12-Month High - Time to Buy?

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) reached a new 52-week high, hitting C$32.01 during trading on Tuesday and closing at C$32.00.
• The ETF has experienced a 3.1% increase in value, with a trading volume of 97,221 shares.
• The fund's investment objective is to track the performance of the price of physical gold bullion, focusing on long-term holdings without speculation on short-term price fluctuations.

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - ) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$32.01 and last traded at C$32.00, with a volume of 97221 shares changing hands. The stock had previously closed at C$31.15.

iShares Gold Bullion ETF (CAD-Hedged) Trading Up 3.1%

The firm has a fifty day moving average price of C$28.01 and a 200 day moving average price of C$26.55.

About iShares Gold Bullion ETF (CAD-Hedged)

The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund's objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.