Overview
Description
WisdomTree Gold 3x Daily Leveraged is an exchange-traded product (ETP) designed to provide leveraged exposure to the daily performance of gold prices. Its primary function is to amplify the returns of gold by a factor of three for investors seeking short-term exposure to fluctuations in this precious metal. This product is particularly notable for sophisticated investors who wish to bet on daily movements in gold prices, whether hedging existing positions or speculating on rapid price changes. It is important to understand that such leveraged products are best suited for short-term holding periods, given their inherent volatility and potential for significant gains or losses over time. By tracking the gold market, WisdomTree Gold 3x Daily Leveraged plays a crucial role for traders focusing on commodities within the precious metals sector, offering them the tools to execute fast-paced trading strategies. The ETP is listed on major European exchanges, ensuring accessibility for investors and traders across various financial markets seeking to engage with or hedge against commodity price shifts.
About
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Website
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON