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MGLD

$--
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1d
1w
1m

Analysis and statistics

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About

MGLD.US represents the GraniteShares Gold Trust on the US stock market. This exchange-traded fund (ETF) aims to track the performance of gold bullion, providing investors with a convenient way to gain exposure to the price movements of gold without directly owning physical gold. The ETF holds physical gold bullion in secure vaults, and its share price generally reflects the spot price of gold. Investors should be aware that, like all ETFs, MGLD.US carries certain risks and expenses, including management fees and the potential for tracking error, which is the difference between the ETF's performance and the underlying asset's performance.
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Factors

MGLD.US's price fluctuates based on gold's price and perceived security. Gold Price: Directly mirrors gold's spot price. Higher gold, higher MGLD. Investor Sentiment: Positive outlook boosts demand and price. Market Volatility: Economic uncertainty increases gold demand, pushing up MGLD. Interest Rates: Rising rates may decrease attractiveness of gold. Inflation: Higher inflation often increases gold demand, and MGLD price. Supply and Demand: Scarcity of physical gold impacts MGLD's price. Currency Fluctuations: USD strength/weakness influences gold price internationally. Geopolitical Events: Crisis drives investors to safe-haven assets like gold, impacting MGLD. Management Fees: Small impact from the fund's operating expenses. Alternative Investments: Performance of other assets impacts allocation in gold.

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