About iShares Gold Trust (IAU)

iShares Gold Trust (IAU) is an exchange-traded fund (ETF) that seeks to track the performance of the price of gold. The ETF is designed to provide investors with exposure to the day-to-day movement of the price of gold bullion. IAU invests in physical gold and its performance is based on the price of gold before the deduction of expenses. As of the latest available data, the ETF has a market capitalization of $20.68 billion. The fund has a fairly low expense ratio of 0.25%, making it an attractive option for investors seeking exposure to gold.

In terms of its price history, the iShares Gold Trust has shown resilience and stability over the years. Despite periodic fluctuations, the overall trend has been positive, reflecting the long-term value of gold as a safe haven asset. It is important to note that the price of the ETF is directly linked to the price of gold, which can be influenced by factors such as global economic conditions, central bank policies, and geopolitical tensions.