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XGLD

LSE
318.92001 USD
0.075
0.02%
Last update Jun 26, 2:34 PM BST
Market closed
Day range
318.16742
320.88000
Previous close
318.99500
Open
320.72000
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Xtrackers Physical Gold ETC
318.92
0.07
0.02%

Overview

Description

Xtrackers Physical Gold ETC is an exchange-traded commodity designed to offer investors direct and cost-effective exposure to the price of gold. Its primary function is to track the performance of the gold spot price, providing an efficient way to incorporate the precious metal into investment portfolios. The ETC achieves this by holding gold bullion, which is securely stored in high-quality vaults. Notably, each unit of the ETC is fully backed by physical gold, eliminating counterparty risk and ensuring transparency and security for investors. Gold is renowned for being a safe-haven asset, often sought after during periods of market volatility and economic uncertainty. This ETC allows both retail and institutional investors to easily access this asset class without the complexities associated with buying and storing physical gold themselves. Xtrackers Physical Gold ETC plays a significant role in the financial market by providing liquidity and enabling diversification within investment portfolios, catering to those who seek to hedge against inflation, currency fluctuations, or geopolitical risks. Its market relevance is further emphasized by its accessibility and ease of trading on major stock exchanges.

About

Address
Phone
+49 (0)69 / 91 03 05 49
Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
Market closed

Exchange is currently closed
Pre-market opens in 1 hour 2 minutes

06:12
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).