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NGLD

$--
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1d
1w
1m

Analysis and statistics

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About

NGLD.F represents the Xtrackers IE Physical Gold EUR Hedged ETC, an exchange-traded commodity (ETC) that provides investors with exposure to physical gold while hedging against fluctuations between the euro and the US dollar. The fund physically holds gold bullion and aims to track the performance of the gold price in US dollars, while mitigating the impact of EUR/USD exchange rate volatility. This allows Euro-based investors to gain exposure to gold without being significantly affected by currency movements.
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Factors

Gold Prices: NGLD.F tracks gold, so gold price fluctuations significantly impact its value.

Currency Exchange Rates: As a foreign stock, currency fluctuations between the trading currency and the Euro affect the price.

Interest Rates: Higher interest rates can decrease gold's appeal, lowering NGLD.F's value.

Inflation: Rising inflation often boosts gold prices as a hedge, increasing NGLD.F's price.

Geopolitical Instability: Political or economic uncertainty often increases demand for gold, raising NGLD.F's value.

Market Sentiment: General investor optimism or pessimism can drive gold prices up or down, impacting NGLD.F.

Economic Data: Strong economic data may decrease gold demand, while weak data can increase it, affecting NGLD.F's price.

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