iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Shares Pass Above 50-Day Moving Average – Here’s Why

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGLGet Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$31.65 and traded as high as C$34.40. iShares Gold Bullion ETF (CAD-Hedged) shares last traded at C$34.32, with a volume of 138,124 shares trading hands.

iShares Gold Bullion ETF (CAD-Hedged) Trading Up 0.4%

The stock’s fifty day moving average price is C$31.65 and its 200-day moving average price is C$34.75.

iShares Gold Bullion ETF (CAD-Hedged) Company Profile

(Get Free Report)

The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund’s objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.

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