iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Stock Price Pass Above Fifty Day Moving Average – What’s Next?

by · The Markets Daily

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$31.96 and traded as high as C$35.03. iShares Gold Bullion ETF (CAD-Hedged) shares last traded at C$33.76, with a volume of 367,316 shares trading hands.

iShares Gold Bullion ETF (CAD-Hedged) Trading Down 3.2%

The company has a 50 day moving average of C$31.96 and a 200-day moving average of C$34.66.

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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