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NUGG

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1m

Analysis and statistics

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About

NUGG.AU represents an exchange-traded fund (ETF) listed on the Australian Securities Exchange (ASX) that provides investors with exposure to the global cannabis industry. It tracks the performance of an index comprised of companies involved in the legal cultivation, production, distribution, and retail sale of cannabis and cannabis-related products, as well as companies providing ancillary services to the cannabis industry. Investments within the fund may include companies domiciled in North America and other regions where cannabis is legal.
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Factors

Gold Price: NUGG.AU's price is heavily influenced by fluctuations in the spot price of gold.

Mining Stocks: The performance of gold mining companies within the ETF's holdings directly impacts NUGG.AU's value.

Market Sentiment: Investor optimism or pessimism towards gold and mining stocks can drive demand and price changes.

Currency Exchange: Movements in the AUD/USD exchange rate affect the AUD-denominated returns of USD-denominated gold assets.

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