iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Sets New 52-Week High - Here's Why

Key Points

• The iShares Gold Bullion ETF (CAD-Hedged) has reached a new 52-week high of C$28.90 during trading, marking an increase from its previous close of C$28.61.
• The stock's trading volume was 95,872 shares, reflecting significant investor interest.
• The ETF aims to replicate the performance of the price of physical gold bullion while maintaining long-term holdings and avoiding speculation on short-term price changes.

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - )'s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$28.90 and last traded at C$28.89, with a volume of 95872 shares. The stock had previously closed at C$28.61.

iShares Gold Bullion ETF (CAD-Hedged) Stock Up 1.4%

The business's 50 day moving average is C$26.72 and its 200 day moving average is C$25.82.

iShares Gold Bullion ETF (CAD-Hedged) Company Profile

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.

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