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3GIL

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1d
1w
1m

Analysis and statistics

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About

3GIL.LSE refers to the WisdomTree Brent Crude Oil 3x Daily Leveraged exchange-traded fund (ETF). This ETF is designed to provide investors with a leveraged exposure to the Brent Crude Oil commodity, aiming to deliver three times the daily performance of the Bloomberg Brent Crude Oil Subindex. It is listed on the London Stock Exchange (LSE).
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Factors

Underlying Gold Price: 3GIL.LSE tracks gold, so gold price movements directly impact its value.

Supply and Demand: Higher demand for the ETF pushes the price up, while increased supply can lower it.

Interest Rates: Rising interest rates can make gold less attractive, potentially lowering 3GIL.LSE's price.

Currency Fluctuations: As a GBP-denominated ETF tracking gold priced in USD, GBP/USD exchange rates matter.

Market Sentiment: Overall investor risk appetite influences demand for gold, a safe-haven asset.

Expense Ratio: The ETF's management fee (expense ratio) reduces returns and can affect its long-term price.

Tracking Error: How accurately the ETF mirrors the gold price impacts its performance and perceived value.

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