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ZGLDEU

SIX
2,692 EUR
10.5
0.39%
Last update Jan 19, 2:56 PM CET
Main market
Day range
2,682.5
2,699
Previous close
2,681.5
Open
2,682.5
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ZKB Gold ETF
2,692.00
10.50
0.39%

Overview

Description

The ZKB Gold ETF, a type of exchange-traded fund, serves as a convenient investment vehicle focused on physical gold. The primary function of this ETF is to offer investors exposure to the price movements of gold while alleviating the need to handle physical bullion directly. The fund achieves this by holding gold bars, ensuring that each share is backed by actual gold assets stored securely in vaults. This makes it an attractive option for those looking to diversify their portfolios with precious metal investments. ZKB Gold ETF prominently impacts sectors such as commodities and precious metals, appealing to investors interested in hedging against inflation or seeking a safe haven asset during economic uncertainty. Its role in the financial market is significant as it provides liquidity, transparency, and an efficient way to trade gold without the complexities involved in the direct purchase of physical gold. As a component of the global precious metals market, the ZKB Gold ETF also helps stabilize gold demand and prices by providing a structured, regulated platform for trading this valuable natural resource.

About

Address
Phone
+41 (0)61 279 78 78
Instrument type
ETF
Country
Switzerland
MIC code
XSWX
Main market

Exchange is currently active.
Closing in 3 hours 25 minutes

13:54
00:00
09:00
17:20
23:59

Trading Hours (Monday - Friday):

Main market
09:00 - 17:20
Post-market
18:15 - 22:00
All times are displayed in the Europe/Zurich timezone (CEST, UTC+02:00).