Goldman Sachs Physical Gold ETF (CBOE:AAAU) Hits New 52-Week High – Here’s Why

Goldman Sachs Physical Gold ETF (CBOE:AAAUGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $26.16 and last traded at $25.97, with a volume of 4188124 shares. The stock had previously closed at $26.76.

Goldman Sachs Physical Gold ETF Price Performance

The company has a fifty day simple moving average of $26.36 and a two-hundred day simple moving average of $24.73.

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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