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ZPRD

$--
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1d
1w
1m

Analysis and statistics

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About

ZPRD.XETRA refers to the iShares Physical Gold ETC, an exchange-traded commodity (ETC) that provides investors with exposure to the price of gold. Being an ETC, it is structured as a debt instrument collateralized by physical gold bullion held in custody. The "XETRA" designation indicates that it is traded on the XETRA electronic trading platform, which is operated by Deutsche Börse, the German stock exchange. The objective of the ETC is to mirror the performance of the spot price of gold, less management fees and expenses associated with storing and insuring the gold. Investors use ZPRD.XETRA as a relatively easy and cost-effective way to gain exposure to the gold market without directly buying and storing physical gold themselves.
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Factors

Underlying Palladium Price: ZPRD.XETRA tracks palladium's price. Increased palladium demand or reduced supply raises ZPRD.XETRA's price.

Euro/USD Exchange Rate: As a EUR-denominated ETF trading on XETRA, changes in the EUR/USD rate affect its price for non-Euro investors.

Supply and Demand for ETF Shares: High demand pushes ZPRD.XETRA's price above its net asset value, while increased supply causes it to fall.

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