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ZGLD

$--
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1d
1w
1m

Analysis and statistics

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About

ZGLD.TO is the ticker symbol for the Horizons Gold ETF, which is a Canadian-listed exchange-traded fund designed to replicate the performance of the price of gold. It provides investors with exposure to gold bullion without the need to directly purchase and store physical gold. The ETF is denominated in Canadian dollars and trades on the Toronto Stock Exchange (TSX).
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Factors

Gold Price: ZGLD.TO aims to track the price of gold, so fluctuations in the spot price of gold directly impact its value.

Currency Exchange Rate: As ZGLD.TO is a Canadian ETF, the CAD/USD exchange rate affects its price. A weaker CAD boosts its CAD price.

Supply and Demand: Increased demand pushes the price up, while increased supply lowers it, like any other traded asset.

Management Fees: The ETF's expense ratio (management fee) slightly reduces returns over time, affecting its price relative to pure gold.

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