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QAU

$--
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1d
1w
1m

Analysis and statistics

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About

QAU.AU represents the BetaShares Gold Bullion ETF, an exchange-traded fund (ETF) listed on the Australian Securities Exchange (ASX). This ETF aims to track the performance of the spot price of gold bullion, before fees and taxes. It provides investors with a relatively simple and cost-effective way to gain exposure to gold without the need to physically store the precious metal. Each unit of QAU.AU typically represents a fraction of an ounce of gold held in secure storage.
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Factors

Gold Price: QAU.AU tracks physical gold, so its price closely mirrors fluctuations in gold spot prices.

Currency Exchange Rates: As gold is priced in USD, the AUD/USD exchange rate impacts QAU.AU's price. A weaker AUD increases QAU.AU's AUD value.

Management Fees & Expenses: QAU.AU's expense ratio slightly reduces returns relative to the underlying gold price.

Supply & Demand: High demand for QAU.AU can increase its price, while increased selling pressure decreases it.

Market Sentiment: Investor confidence and risk appetite can affect demand for gold, a safe haven asset, influencing QAU.AU's price.

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