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PXSG

$--
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1d
1w
1m

Analysis and statistics

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About

PXSG.US is the ticker symbol for the GraniteShares 1x Short Gold ETF. This ETF provides inverse exposure to the daily performance of gold, meaning it aims to deliver the opposite of the daily return of gold prices. Specifically, it seeks to replicate, before fees and expenses, the inverse of the daily performance of the Solactive Gold Front Month Rolling Futures Index ER. Investing in PXSG.US carries significant risk, as losses can be magnified, and it is generally designed for short-term trading strategies rather than long-term investment.
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Factors

Exchange Rate: The USD/CAD exchange rate impacts the ETF's value, as it holds Canadian assets.

Index Performance: The Solactive Canada Broad Market Index's performance directly influences the ETF's price.

Interest Rates: Canadian interest rate changes can affect the valuations of the companies within the ETF.

Market Sentiment: Overall investor sentiment towards Canadian equities affects demand and therefore price.

Commodity Prices: Canada's economy is resource-driven, so commodity prices impact companies in the ETF.

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