Gold ETF Hits $25 Billion in Daily Trading, Setting New Record
The SPDR Gold Shares ETF has reached an unprecedented $25 billion in trading volume today, marking its highest daily activity ever with hours remaining before market close.
Summary
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Terms & Concepts
Exchange-Traded Fund (ETF): An investment fund traded on stock exchanges, holding assets such as stocks, commodities, or bonds.
SPDR Gold Shares (GLD): A major gold-backed ETF that tracks the price of gold and is traded on U.S. stock exchanges.
Trading Volume: The total value or quantity of a security traded during a given period.