iShares S&P/TSX Global Gold Index ETF…

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iShares S&P/TSX Global Gold Index ETF (XGD.TO)

44.32

-0.00 (0.00%)

as of Jul 17, 2026, 5:48:02 pm Market Open.

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Investor Insights

Jul 17, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

The iShares S&P/TSX Global Gold Index ETF, represented by the symbol XGD-T, has garnered a mixed bag of perspectives from various experts. Some analysts are optimistic about gold's potential for upside, citing supportive bullion prices and strong cash flows, suggesting it could be a good time to start accumulating. Others express caution, indicating that gold may not be as compelling as base metals like copper and aluminum, especially as there is a worry about overheating within the gold commodity space. There’s acknowledgment of the volatility in gold equities, with a possible pullback on the horizon due to the current high interest level among investors. While some experts suggest limiting exposure to gold, others advocate for it as a defensive asset in diversified portfolios, emphasizing its role as a hedge against currency fluctuations.

Consensus

Cautious

Valuation

Fair Value

Similar

ZGD

DON'T BUY

He owns IAU instead. Gold itself, not gold miners. He buys gold as a diversifier opposite his equity, so he doesn't want more exposure to equities.

COMMENT

You should look at moving averages or trend lines that works with your investment horizon to decide when to buy dips.

BUY

The large gold companies in Canada. Contrast to ZGD, which is BMO's equal weight gold global producers. Gold exposure is important to buffer inflationary shocks. Most portfolios are underexposed to asset classes that can provide returns when inflation starts.

BUY

You get exposure to mid and large cap Canadian companies with some companies abroad. A good way to play the sector without trying to chose specific winners.

BUY

Allan Tong’s Discover Picks Lastly, as I write, the price of gold is hitting new all-time highs. For those late to join the gold party and don’t know whether to buy Newmont, Barrick, Kirkland Lake or Franco-Nevada, this ETF includes all of them and then some. XGD charges a 0.55% MER. Read Top 4 BNN Stock Picks to Buy this Summer for our full analysis.

DON'T BUY

XGD vs. HUG and the impact of the November election XGD is the granddaddy of gold ETF wth top holdings being Newmont, Barrick and FNV, totalling 40%. Given this weighting, he prefers HEP. HUG holds the actual gold. He doesn't know how the US election will effect gold stocks, which is why people buy gold--a reaction to uncertainty.

BUY

HEP-T vs. XGD-T. HEP-T has a covered call overly to the gold stocks and generates extra yield. If you are bullish then you don’t want that covered call. If you are a yield seeker then it is a fine way to get exposure to gold.

TOP PICK

He has not owned gold for a long time. It is a trade that has been working out. Gold allocation on the TSX is now at 10%. It is a flight to safety. Spending will eventually fuel inflation. He did not want to take the risk of an individual stock.

BUY

If you want to play gold it is the best way to do it. With the amount of QE around the world there will be inflation. This is better than buying a company as there are no company specific issues.

COMMENT

He does not like this ETF. He would prefer to own the shares, not just holding derivatives. This can cause discounts to NAV at times. He would prefer to hold solid producers like FNV or ABX. If you want an ETF, he would pick HGGG.

WEAK BUY

He doesn't know if gold has bottomed, but the underlying fundamentals are superb. He would tiptoe into this space in the coming months.

BUY

He's not a gold bug, but you can play defence with gold. You can go 5-10% gold and be fine playing defence this way.

Premium content

It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

While the TSX has climbed 19% so far this year, the gold ETF, XGD has leapt 31%. Just as revealing is that gold volatility has declined, meaning the risk-on trade in the shiny rock will continue, which likely means prices to march higher and likely re-enter the $1,550 level. Uncertainty over world trade, and declining manufacturing data in economies such as Germany, are feeding the gold run. Also, if the U.S. dollar weakens, expect gold to capitalize.

BUY

He would play gold in Canadian dollars. Why take the risk? He would get it now if you don’t have it. Interest rates are going to move higher and the US$ is going to move lower.

PAST TOP PICK

(A Top Pick Jun 07/19, Up 21%) We saw the period of seasonal strength. If it breaks below $14.50 we may be in trouble. If you want to make money, buy the producers. They lead the way.

Showing 31 to 45 of 224 entries

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iShares S&P/TSX Global Gold Index ETF (XGD.TO)