Goldman Sachs Physical Gold ETF (CBOE:AAAU) Sets New 12-Month High – Still a Buy?

Shares of Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $27.15 and last traded at $27.13, with a volume of 1643409 shares traded. The stock had previously closed at $27.13.

Goldman Sachs Physical Gold ETF Stock Performance

The business’s 50-day simple moving average is $25.70 and its two-hundred day simple moving average is $24.23.

Goldman Sachs Physical Gold ETF Company Profile

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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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