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GLDN

$--
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1d
1w
1m

Analysis and statistics

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About

GLDN.AU represents the Global X Physical Gold ETF traded on the Australian Securities Exchange (ASX). It aims to provide investors with a return that corresponds to the price of gold by physically holding gold bullion. The ETF offers Australian investors a way to gain exposure to gold prices without directly owning and storing physical gold.
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Factors

Gold Price: GLDN.AU aims to track the gold price. Fluctuations in the spot gold price directly impact its value.

Currency Fluctuations: As GLDN.AU trades in AUD, changes in the AUD/USD exchange rate affect its price. A stronger AUD can lower the price and vice versa.

Supply and Demand: Like any ETF, increased demand for GLDN.AU units can drive its price up, while increased selling pressure can lower it.

Management Fees: The fund's operating costs, including management fees, are factored into the ETF's net asset value (NAV), impacting the share price.

Investor Sentiment: Overall market sentiment towards gold as a safe-haven asset influences investment flows into and out of GLDN.AU.

Interest Rates: Rising interest rates can make gold less attractive compared to interest-bearing assets, potentially lowering the GLDN.AU price.

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