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The iShares Gold Trust owns physical gold to track the price of gold, offering investors a cost-effective, accessible way to gain exposure to gold market movements. Listed on NYSE Arca under ticker IAU, it provides a simple means to invest in gold without the expenses of physical storage. The trust's value reflects gold prices, with minimal management, primarily earning fees from the sponsor.
This description was generated via AI from an annual report. Updated about 1 year ago.