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GLD

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1d
1w
1m

Analysis and statistics

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About

GLD.BK refers to the Tracker Gold ETF, traded on the Stock Exchange of Thailand (SET). This exchange-traded fund (ETF) aims to closely track the price of gold bullion. It offers investors a convenient way to gain exposure to gold prices without physically holding gold. The performance of GLD.BK is directly linked to the fluctuations in the spot price of gold, adjusted for the ETF's fees and expenses.
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Factors

Gold Prices: GLD.BK mirrors spot gold prices; therefore, movements in gold directly influence the ETF's value.

Supply and Demand: Increased demand for GLD.BK shares drives the price up, while higher supply pushes it down.

Interest Rates: Rising interest rates often make gold less attractive, reducing demand for GLD.BK and lowering its price.

Currency Fluctuations: Since gold is priced in USD, changes in the USD/THB exchange rate affect the price for Thai investors.

Market Sentiment: Risk aversion boosts gold's appeal as a safe haven, increasing demand for GLD.BK.

Economic Data: Strong economic data may decrease gold's appeal, while weak data can increase demand.

Inflation: Gold is often seen as an inflation hedge; rising inflation may increase demand for GLD.BK.

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