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XDGH

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

Analysis and statistics

  • Open
    28.6631$
  • Previous Close
    28.5526$
  • 52 Week Change
    --
  • Day Range
    0.11$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

XDGH.TO represents the Horizons USD High Interest Savings ETF, a Canadian-listed exchange-traded fund. Its objective is to provide a high level of income by investing primarily in high interest US dollar denominated deposit accounts offered by Canadian banks. The ETF aims to offer a yield comparable to high interest US dollar savings accounts, but with the liquidity and convenience of being traded on the Toronto Stock Exchange. It is designed for investors seeking a stable, low-risk option to earn interest on their US dollar holdings.
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Factors

iShares Gold Bullion ETF (XDGH.TO) price determinants: Gold Price: Spot gold prices greatly influence XDGH.TO, as the ETF holds physical gold bullion.

Currency Fluctuations: CAD/USD exchange rates impact price. Gold is USD-denominated, so CAD weakness boosts the ETF's CAD price.

Interest Rates: Higher rates may decrease gold's appeal as a non-yielding asset, potentially lowering XDGH.TO's price.

Inflation: Gold often serves as an inflation hedge. Rising inflation expectations can increase demand and XDGH.TO's price.

Geopolitical Risks: Uncertainty often drives investors to gold as a safe haven, increasing demand and the ETF's price.

Market Sentiment: Overall investor risk appetite affects gold. Risk-off sentiment favors gold, potentially lifting XDGH.TO.

Supply and Demand: Global gold supply and demand dynamics, including mining output and jewelry demand, impact gold prices.

ETF Flows: Significant inflows/outflows to XDGH.TO influence its price based on buying and selling pressure.

Central Bank Activity: Central bank gold purchases or sales can affect gold prices and subsequently XDGH.TO's price.

Economic Data: Economic indicators (e.g., GDP growth, employment) can influence investment decisions and gold's appeal.

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