Goldman Sachs Physical Gold ETF (CBOE:AAAU) Trading Up 0.8% – Here’s Why

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report)’s share price was up 0.8% on Friday . The stock traded as high as $41.1799 and last traded at $41.10. Approximately 3,740,131 shares changed hands during mid-day trading, an increase of 169% from the average daily volume of 1,390,052 shares. The stock had previously closed at $40.77.

Goldman Sachs Physical Gold ETF Price Performance

The business has a 50-day simple moving average of $39.68 and a 200-day simple moving average of $35.59.

About Goldman Sachs Physical Gold ETF

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The Goldman Sachs Physical Gold ETF (AAAU) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in a vault in Perth, Australia. Investors can redeem their shares for gold coins and small bars. AAAU was launched on Jul 26, 2018 and is managed by Goldman Sachs.

Further Reading

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