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GLDA

LSE
9,737.5 GBp
3.547
26.70%
Last update Jul 2, 4:22 PM BST
Main market
Day range
9,624.25
9,751.5
Previous close
13,284.46973
Open
9,629.25
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Amundi Physical Gold ETC
9,737.50
3.55K
26.70%

Overview

Description

The Amundi Physical Gold ETC is a type of exchange-traded commodity designed to offer investors direct exposure to the gold market. Its primary function is to track the performance of gold spot prices by holding physical gold bullion. This ETC is structured to provide a cost-effective and liquid means for investors to access the precious metals market, making it particularly appealing to those seeking a hedge against economic uncertainty or inflation. Notable for its transparency and security, the Amundi Physical Gold ETC ensures that each share is backed by a proportional amount of physical gold, held in secure vaults. This asset significantly impacts sectors like wealth management and institutional investment portfolios, where gold is often utilized for diversification and risk management. In the financial market, it serves a crucial role by enabling seamless and efficient gold trading without the need for buying, storing, and insuring physical bars, thereby democratizing access to gold investments for both retail and institutional investors.

About

Address
Phone
+353 1 9058020
Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
Main market

Exchange is currently active.
Closing in 4 hours 50 minutes

11:39
00:00
08:00
16:30
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).