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GOLD11

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

Analysis and statistics

  • Open
    19.0106$
  • Previous Close
    19.2441$
  • 52 Week Change
    --
  • Day Range
    -0.23$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

GOLD11.SA is the ticker symbol for an Exchange Traded Fund (ETF) listed on the B3 stock exchange in Brazil. This ETF tracks the performance of international gold prices. Its purpose is to provide Brazilian investors with a way to gain exposure to the gold market without directly purchasing and storing physical gold.

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Factors

Global Gold Prices: GOLD11.SA replicates the performance of gold, so international gold price fluctuations directly impact its value.

USD/BRL Exchange Rate: As gold is priced in USD, the exchange rate affects the BRL value of GOLD11.SA. A weaker BRL increases the ETF's price, and vice-versa.

Local Demand for Gold: Higher demand for gold in Brazil can increase the premium on GOLD11.SA, pushing its price above its NAV.

Fund Management Fees: The ETF's expense ratio impacts its returns. Higher fees can slightly reduce the overall gains for investors.

Investor Sentiment: Positive or negative sentiment toward gold as an investment can influence demand and trading volume of GOLD11.SA.

Brazilian Interest Rates: Changes in Brazilian interest rates can affect investment flows. Higher rates might make fixed-income investments more attractive, potentially reducing investment in GOLD11.SA.

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