iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Hits New 12-Month High – Should You Buy?

by · The Markets Daily

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$36.75 and last traded at C$36.70, with a volume of 444780 shares trading hands. The stock had previously closed at C$36.05.

iShares Gold Bullion ETF (CAD-Hedged) Stock Up 1.8%

The stock’s 50 day moving average is C$33.39 and its 200-day moving average is C$30.15.

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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