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GLTC

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

Analysis and statistics

  • Open
    124.152$
  • Previous Close
    124.152$
  • 52 Week Change
    141.90$
  • Day Range
    0.00$
  • 52 Week High/Low
    88.1$ - 230$
  • Dividend Per Share
    --
  • Market cap
    526 K$
  • EPS
    --
  • Beta
    1.686
  • Volume
    --

About

GLTC.TA represents units of the iShares Gold Trust ETF traded on the Tel Aviv Stock Exchange. This ETF aims to reflect the performance of the price of gold, less the expenses of the Trust's operations. As such, GLTC.TA provides investors with a convenient and relatively low-cost way to gain exposure to the gold market without directly purchasing physical gold bullion. The ETF's holdings consist primarily of gold held in vaults, and its price generally moves in tandem with the spot price of gold in US dollars, though exchange rates and trading hours may introduce slight variations in performance when trading on the TASE.
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Factors

Global Gold Price: GLTC.TA tracks gold, so global gold price fluctuations directly impact its value. A rise in gold prices generally increases GLTC.TA, and vice versa. Israeli Shekel/USD Exchange Rate: As GLTC.TA is traded in Israeli Shekels, the exchange rate between the Shekel and USD affects its price. A stronger Shekel may lower the Shekel price of GLTC.TA, and a weaker Shekel may raise it. Demand for Gold in Israel: Increased local demand for gold, driven by factors like economic uncertainty or inflation concerns, can push up GLTC.TA prices. Global Economic Conditions: Economic downturns often increase gold's safe-haven appeal, potentially boosting GLTC.TA. Conversely, strong economic growth may reduce demand for gold and GLTC.TA. Inflation and Interest Rates: High inflation rates often make gold an attractive hedge, increasing demand and GLTC.TA's price. Rising interest rates may decrease gold's appeal, potentially lowering GLTC.TA's price. Geopolitical Risks: Political instability and geopolitical tensions can drive investors towards gold, thereby increasing demand and price of GLTC.TA.

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