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PHAU

LSE
311.87000 USD
4.95
1.61%
Last update Aug 1, 4:14 PM BST
Market closed
Day range
305.98001
312.17001
Previous close
306.92001
Open
306.45999
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WisdomTree Physical Gold
311.87
4.95
1.61%

Overview

Description

WisdomTree Physical Gold is an exchange-traded product (ETP) that provides investors with exposure to the performance of the price of gold bullion, minus fees. This asset aims to imitate the movement of gold prices, allowing investors to indirectly participate in the gold market without the necessity of directly purchasing and storing physical gold. By holding allocated gold bullion, this ETP ensures that each share is backed by tangible gold stored in secure vaults, primarily located in London. The primary function of WisdomTree Physical Gold is to offer a convenient and cost-effective method for investors and institutions to track and invest in the gold market, a market often sought for diversification along with its potential as a safe-haven asset during times of economic uncertainty. Its significance in the financial market stems from its capacity to provide access to gold investment without the logistical complexities traditionally associated with gold trading. Gold's historical role as a store of value and a hedge against inflation underscores the importance of such products in global financial strategies.

About

Address
Phone
+44 20 7355 9810
Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 2 days 10 hours 34 minutes

20:40
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
07:15 - 08:00
Main market
08:00 - 16:30
Post-market
16:30 - 17:15
All times are displayed in the Europe/London timezone (BST, UTC+01:00).