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

iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGLGet Free Report)’s stock price 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.

iShares Gold Bullion ETF (CAD-Hedged) Price Performance

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

About iShares Gold Bullion ETF (CAD-Hedged)

(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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