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PMGOLD

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

Analysis and statistics

  • Open
    51.7714$
  • Previous Close
    52.1149$
  • 52 Week Change
    --
  • Day Range
    -0.34$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

PMGOLD.AU is the ticker symbol for the Perth Mint Gold ETF listed on the Australian Securities Exchange (ASX). This ETF aims to provide investors with a return that closely tracks the price of gold, less fees and expenses. It physically holds gold bullion, stored in the Perth Mint's vaults, backing each unit of the ETF. This means that when you invest in PMGOLD.AU, you are essentially buying a claim on a specific amount of physical gold. The ETF is designed to be a convenient and relatively low-cost way for Australian investors to gain exposure to the gold market without the complexities of directly owning and storing physical gold.

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Factors

Gold Price: The primary driver, PMGOLD aims to track physical gold's price. Higher gold prices directly increase the ETF's value.

Currency Fluctuations: AUD/USD changes affect the ETF. A weaker AUD boosts PMGOLD (denominated in AUD) when gold is priced in USD.

Supply and Demand: ETF demand influences price. High demand can push PMGOLD slightly above its NAV (Net Asset Value).

Management Fees: These ongoing costs slightly reduce PMGOLD's returns compared to raw gold price movements.

Storage Costs: Physical gold backing incurs storage fees, impacting the ETF's overall value and tracking accuracy.

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