Gold Prices: IGCF.TO's value is heavily tied to spot gold prices. Higher gold prices typically mean a higher IGCF.TO ETF price.

Canadian Dollar Strength: A stronger Canadian dollar can reduce the IGCF.TO price, as gold is often priced in USD; a weaker CAD increases it.

Management Fees: IGCF.TO's expense ratio reduces the returns, impacting its price relative to the underlying gold.

Supply and Demand: High demand for IGCF.TO can push its price above its net asset value (NAV); high supply can depress it.

Interest Rates: Rising interest rates may decrease IGCF.TO's attractiveness, as gold doesn't yield interest, potentially lowering its price.

Economic Uncertainty: Economic downturns often boost gold's safe-haven appeal, raising IGCF.TO's price, while stability may lower it.

Inflation: Higher inflation can increase gold's appeal as an inflation hedge, potentially lifting IGCF.TO's price.

Global Events: Geopolitical instability can drive investors towards gold, increasing demand for IGCF.TO and pushing up its price.