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SPHAU

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1d
1w
1m

Analysis and statistics

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About

SPHAU.US represents the GraniteShares Gold Trust, an exchange-traded fund (ETF) designed to track the performance of gold bullion. This fund offers investors a convenient and cost-effective way to gain exposure to the price movements of gold without the complexities of directly owning and storing physical gold. The fund holds physical gold bullion in vaults and issues shares representing fractional ownership of that gold.
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Factors

SPHAU.US Price Factors: Gold Price: SPHAU tracks physical gold, so gold's market price directly influences its value.

Interest Rates: Higher rates make gold less attractive compared to interest-bearing assets.

Inflation: Gold is often seen as an inflation hedge; higher inflation can increase demand.

Currency Fluctuations: USD strength impacts gold's price, as it's priced in USD globally.

Economic Uncertainty: During economic downturns, gold often rises as a safe-haven asset.

Supply & Demand: Physical gold supply versus investor demand impacts the price.

SPHAU Premiums: SPHAU's price may trade at a slight premium/discount to its gold holdings.

Central Bank Policies: Central banks' gold purchases/sales influence the overall market.

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