For traders searching for momentum, abrdn Bodily Gold Shares ETF SGOL might be on the radar. The fund simply hit a 52-week excessive and has moved up 38.6% from its 52-week low of $20.55 per share.
Are extra features in retailer for this ETF? Allow us to take a fast take a look at the fund and the near-term outlook on it to get a greater concept of the place it may be headed:
SGOL in Focus
abrdn Bodily Gold Shares ETF tracks the value of gold bullion. The Belief holds allotted bodily gold bullion bars saved in safe vaults in London. It fees 17 bps in annual charges per 12 months (see: all the Precious Metals ETFs here).
Why the Transfer
Gold has been an space to observe recently, given the surge within the steel value. The bullion rallied to $3,000 for the primary time amid the continuing commerce tariff disputes and recessionary fears, which spurred demand for the yellow steel as a safe-haven funding choice. Moreover, the resurge bets, stating that the Fed will reduce charges greater than anticipated this 12 months, have fueled the gold value.
Extra Features Forward?
SGOL has a weighted alpha of 38.37 and a 20-day volatility of 14.84%, which present that there’s nonetheless some promise for risk-aggressive traders who wish to experience on this surging ETF.
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abrdn Physical Gold Shares ETF (SGOL): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
