iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Sets New 1-Year High - Time to Buy?

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) reached a new 12-month high of C$28.29, reflecting increased investor interest.
• In mid-day trading, the stock last changed hands at C$28.27 with a total volume of 114,687 shares.
• The fund aims to replicate the performance of physical gold bullion by investing in long-term holdings of unencumbered gold, avoiding speculation on short-term price fluctuations.

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$28.29 and last traded at C$28.27, with a volume of 114687 shares trading hands. The stock had previously closed at C$27.98.

iShares Gold Bullion ETF (CAD-Hedged) Stock Up 0.1%

The business's 50 day moving average is C$26.46 and its 200-day moving average is C$25.59.

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.