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GLDG

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

Analysis and statistics

  • Open
    0.8001$
  • Previous Close
    0.8042$
  • 52 Week Change
    0.35$
  • Day Range
    -0.00$
  • 52 Week High/Low
    0.71$ - 1.06$
  • Dividend Per Share
    --
  • Market cap
    161 M$
  • EPS
    -0.0086
  • Beta
    1.318
  • Volume
    --

About

GLDG.US is the ticker symbol for the VanEck Merk Gold Trust. It is an exchange-traded fund (ETF) that aims to provide investors with exposure to the price of physical gold. The fund holds physical gold bullion stored in London vaults and represents fractional ownership of that gold. Investors can buy and sell shares of GLDG on stock exchanges like other ETFs, providing a convenient way to invest in gold without directly purchasing and storing the metal.
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Factors

Gold Prices: GLDG.US, being tied to gold, directly reflects gold price fluctuations. Higher gold prices typically lead to higher GLDG.US stock value.

Market Sentiment: General investor optimism or pessimism towards gold as a safe-haven asset significantly impacts GLDG.US demand and price.

Interest Rates: Rising interest rates can make bonds and other investments more attractive, potentially decreasing gold's appeal and GLDG.US value.

Currency Fluctuations: A weaker US dollar often correlates with higher gold prices, thus influencing GLDG.US positively. A stronger dollar can have the opposite effect.

Inflation Rates: Gold is often seen as an inflation hedge. High inflation usually drives gold prices higher, boosting GLDG.US.

Geopolitical Events: Global instability and uncertainty often increase demand for gold, driving up its price and affecting GLDG.US positively.

Central Bank Policies: Central banks' decisions on interest rates, monetary policy, and gold reserves can significantly influence gold prices and, consequently, GLDG.US.

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