Goldman Sachs Physical Gold ETF (CBOE:AAAU) Sets New 1-Year High – Still a Buy?

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $26.31 and last traded at $26.22, with a volume of 1851064 shares traded. The stock had previously closed at $26.27.

Goldman Sachs Physical Gold ETF Price Performance

The firm has a 50 day moving average price of $25.17 and a two-hundred day moving average price of $23.94.

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.

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