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GLDN

ASX
40.67000 AUD
0.37
0.92%
Last update Jul 14, 10:06 AM AEST
Main market
Day range
40.67000
40.78000
Previous close
40.30000
Open
40.78000
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iShares Physical Gold ETF
40.67
0.37
0.92%

Overview

Description

The iShares Physical Gold ETF is an exchange-traded fund that aims to provide investors with a straightforward and cost-effective way to gain exposure to the gold bullion market. As a physically backed ETF, it holds gold bars stored in secure vaults, thus reflecting the price performance of gold itself. This makes it a popular vehicle for those looking to invest directly in gold, without the challenges associated with purchasing and storing the metal directly. The primary function of this ETF is to track the spot price of gold, providing liquidity and transparency through exchange trading. It impacts sectors interested in the hedging capabilities of gold, such as financial services, jewelry manufacturing, and technology industries, which value gold for diversifying investment portfolios or for industrial uses. In the financial markets, the iShares Physical Gold ETF plays a critical role, offering an accessible entry point into the precious metals market. It is particularly significant during times of economic uncertainty or inflation, where gold is traditionally viewed as a safe-haven asset. This ETF simplifies the investment process for both retail and institutional investors looking to incorporate gold into their portfolio strategies.

About

Address
Phone
02 9272 2200
Website
Instrument type
ETF
Country
Australia
MIC code
XASX
Main market

Exchange is currently active.
Closing in 5 hours 11 minutes

10:48
00:00
10:00
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
07:00 - 10:00
Main market
10:00 - 16:00
Post-market
16:00 - 16:12
All times are displayed in the Australia/Sydney timezone (AEST, UTC+10:00).