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CGL-C

$--
--%
1d
1w
1m

Analysis and statistics

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About

CGL-C.TO represents the Horizons Gold Yield ETF (CAD Hedged). This ETF, listed on the Toronto Stock Exchange (TSX), seeks to provide exposure to the performance of gold while distributing a yield. It accomplishes this by investing in physical gold bullion and employing a covered call strategy, where the fund sells call options on a portion of its gold holdings to generate income. The "CAD Hedged" portion of the name signifies that the ETF aims to minimize the impact of fluctuations between the Canadian dollar and the U.S. dollar on the fund's returns. As with any investment, potential investors should carefully review the ETF's prospectus and consider their own investment objectives and risk tolerance before investing.
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Factors

Gold Prices: CGL-C.TO tracks gold, so gold price fluctuations directly impact its value. Higher gold prices generally mean a higher CGL-C.TO price and vice versa.

Canadian Dollar Strength: Since CGL-C.TO is CAD-denominated, a stronger CAD relative to the USD (gold is typically priced in USD) can lower the price of CGL-C.TO. A weaker CAD tends to increase its price.

Interest Rates: Higher interest rates can decrease demand for gold (an investment alternative), indirectly impacting CGL-C.TO negatively. Lower rates may increase demand and price.

Market Sentiment: Overall investor risk appetite affects gold's appeal. Economic uncertainty and fear often boost gold prices (and CGL-C.TO), while optimism can decrease them.

ETF Supply and Demand: High demand for CGL-C.TO versus available shares can push the price slightly above the underlying gold value. High selling pressure can create a slight discount.

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