The popular gold ETF, NewGold, has made a massive move today. The share price jumped from 89,500 to 98,300, marking a strong gain of 9.3% in a single trading session.
What is NewGold and How Does It Work?
For those asking what NewGold actually is, it’s an Exchange Traded Fund (ETF) that allows people to invest in real physical gold directly through the stock market without having to buy or hold physical gold bars yourself.
Each share or unit of NewGold you buy is backed by actual physical gold bullion stored safely in a secure vault. Instead of buying shares in a company that can go up or down based on management decisions, NewGold simply tracks the live international price of gold.
It gives everyday investors a simple, secure, and low-cost way to trade and hold gold just like buying a standard company share.
