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iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL) Hits New 52-Week High - Should You Buy?

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iShares Gold Bullion ETF (CAD-Hedged) (TSE:CGL - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$24.67 and last traded at C$24.55, with a volume of 207100 shares. The stock had previously closed at C$24.64.

iShares Gold Bullion ETF (CAD-Hedged) Stock Down 2.6 %

The stock's fifty day moving average price is C$23.16 and its 200-day moving average price is C$21.80.

About iShares Gold Bullion ETF (CAD-Hedged)

(Get Free Report)

The investment objective of the Fund is to replicate the performance of the price of physical gold bullion, less the Funds fees and expenses. To achieve the fund's objective the investment strategy of the Fund is to invest in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes and to not speculate with regard to short-term changes in gold bullion prices.

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Should You Invest $1,000 in iShares Gold Bullion ETF (CAD-Hedged) Right Now?

Before you consider iShares Gold Bullion ETF (CAD-Hedged), you'll want to hear this.

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While iShares Gold Bullion ETF (CAD-Hedged) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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