No Summary provided as the original text is short
- ETF: An exchange-traded fund, an investment vehicle that tracks an asset or basket of assets and trades on an exchange.
- Gold-backed ETF: An ETF designed to track gold prices, typically backed by physical gold held by the fund.
- GLD: SPDR Gold Shares, one of the largest gold-backed ETFs, used by investors to gain exposure to gold without holding bullion directly.