Goldman Sachs Physical Gold ETF (CBOE:AAAU) Hits New 52-Week High – Time to Buy?

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $26.11 and last traded at $26.28, with a volume of 1983147 shares traded. The stock had previously closed at $26.02.

Goldman Sachs Physical Gold ETF Price Performance

The firm’s 50 day moving average price is $26.38 and its two-hundred day moving average price is $24.87.

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.

Further Reading

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