Goldman Sachs Physical Gold ETF (CBOE:AAAU) Hits New 1-Year High – Time to Buy?

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) hit a new 52-week high on Monday . The company traded as high as $26.70 and last traded at $25.93, with a volume of 1729578 shares trading hands. The stock had previously closed at $26.55.

Goldman Sachs Physical Gold ETF Trading Down 1.0 %

The business has a 50 day simple moving average of $26.20 and a two-hundred day simple moving average of $24.53.

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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