Sprott Physical Gold Trust Units (PHYS) has released an update.
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Sprott Physical Gold Trust reports substantial unrealized gains in physical gold bullion for the first half of 2024, with net assets reaching $7.28 billion, a notable rise from the end of 2023. The Trust’s performance closely mirrored the return on spot gold, delivering a 12.5% return for investors. Despite a high volume of unit redemptions, the Trust’s net asset value per unit increased, reflecting a strong period for gold investment.
For further insights into PHYS stock, check out TipRanks’ Stock Analysis page.