Sprott Trust Records Strong Gold Gains in 2024

Sprott Physical Gold Trust Units (PHYS) has released an update.

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.

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