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YGLD

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

Analysis and statistics

  • Open
    33.673$
  • Previous Close
    33.7815$
  • 52 Week Change
    --
  • Day Range
    -0.11$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

YGLD.US represents GraniteShares Gold Trust, an exchange-traded fund (ETF) designed to track the daily performance of gold bullion. It offers investors exposure to the gold market without the complexities of directly purchasing and storing physical gold. The ETF holds physical gold bullion in vaults, providing a relatively simple and cost-effective way to invest in gold. Investors should be aware that YGLD's value will fluctuate based on the price of gold and may be subject to market risks.
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Factors

Physical Gold Price: YGLD tracks physical gold. Gold price fluctuations directly impact its ETF price.

Supply and Demand: ETF creation/redemption reflects investor sentiment. High demand increases price, high supply decreases it.

Management Fees: YGLD's expense ratio slightly reduces returns compared to spot gold price.

Currency Fluctuations: USD strength/weakness affects the USD-denominated gold price and thus, YGLD's value.

Interest Rates: Higher interest rates can make gold less attractive, potentially lowering YGLD's price.

Inflation Expectations: Gold is often seen as an inflation hedge. Rising inflation expectations can increase YGLD's price.

Geopolitical Risk: Uncertainty often drives investors to gold as a safe haven, potentially raising YGLD's price.

Economic Indicators: Weak economic data may increase gold demand, possibly increasing YGLD price.

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