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iShares S&P/TSX Global Gold Index ETF (XGD-T)
TSE:XGD
21.90
0.26
(1.17%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Top 8 ETF Stocks To Watch in 2021Markets pull back on Washington stalemateTop 4 BNN Stock Picks to Buy this SummerThis summary was created by AI, based on 6 opinions in the last 12 months.
The experts have mixed opinions on iShares S&P/TSX Global Gold Index ETF (XGD-T). While some believe it is a good option for diversification and a hedge against inflation, others are concerned about underperformance compared to the TSX and spot gold. There is also a consensus that the stock is more suitable for short-term trades or as a safe haven during market calamities, rather than for long-term investments. Overall, the stock has potential for growth but also carries risks due to the nature of the mining industry.
$22.160
Owned
Very good option for investors interested in gold. Expecting further strength in gold prices. Very good hedge on economic weakness. Best in class ETF. Gold trend is very good.
Basket of gold miners. Underperformed TSX and spot gold since early 2020. If looking to hedge against inflation or geopolitical events, look at gold bullion instead. With mining companies, so much can go wrong.
Large-cap gold companies, so it skews to a smaller group. Gold trying to break through all-time highs, and the companies are participating alongside. Gold exposure is very good. Gold stocks combine beta of the gold plus the stock market. Precious metal provides more of a safe haven.
Pair it with a bit of gold exposure, so you have something else in your portfolio if there's a market calamity. Gold gives your portfolio diversification.
While GLCC is perfect short-term play for income needs, for the long term, he'd prefer a non-covered-call strategy like XGD. Gives you growth and builds on your capital.
Gold stocks haven't kept up with the price of gold. He expects they will rise from the current $17 here to about $21, at which he will sell. He is an active trader. He will wait. He has faith.
He likes gold and commodities. The US dollar is near support but won't return to strength. Therefore, gold should do well. (They have a negative correlation.) The XGD could return to $20. Also, macro seasonality in mid-August to September could help.
At the time it was a safe haven during the pandemic. A short-duration trade. Once the markets took off, he moved into equities.
iShares S&P/TSX Global Gold Index ETF(XGD-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 6
iShares S&P/TSX Global Gold Index ETF(XGD-T) Frequently Asked Questions
What is iShares S&P/TSX Global Gold Index ETF stock symbol?
iShares S&P/TSX Global Gold Index ETF is a Canadian stock, trading under the symbol XGD-T on the Toronto Stock Exchange (XGD-CT). It is usually referred to as TSX:XGD or XGD-T
Is iShares S&P/TSX Global Gold Index ETF a buy or a sell?
In the last year, 6 stock analysts published opinions about XGD-T. 5 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares S&P/TSX Global Gold Index ETF.
Is iShares S&P/TSX Global Gold Index ETF a good investment or a top pick?
iShares S&P/TSX Global Gold Index ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares S&P/TSX Global Gold Index ETF.
Why is iShares S&P/TSX Global Gold Index ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is iShares S&P/TSX Global Gold Index ETF worth watching?
6 stock analysts on Stockchase covered iShares S&P/TSX Global Gold Index ETF In the last year. It is a trending stock that is worth watching.
What is iShares S&P/TSX Global Gold Index ETF stock price?
On 2024-09-04, iShares S&P/TSX Global Gold Index ETF (XGD-T) stock closed at a price of $21.9.
He buys gold only when there's a trade opportunity, like now. Geopolitical risk makes gold a flight to safety trade. The US dollar will likely roll over as the Fed cuts interest rates. Gold stocks are undervalued. This ETF is diversified, led by Newmont.