Fri, Nov 8, 1:31 PM (101 days ago)
For the quarter ending September 30, 2024, GraniteShares Gold Trust (BAR) reported a net asset value (NAV) increase of 11.14%, from $790,994 to $879,108, driven by a 12.83% rise in gold prices, which reached $2,629.95. The Trust's assets in gold bullion increased to $879,231, while liabilities remained minimal at $123. The number of shares outstanding decreased from 34,350,000 to 33,850,000 due to 6 creations and 16 redemptions. The Trust incurred a net investment loss of $367, but realized gains from gold transactions contributed significantly to a total net increase in net assets of $100,010. The NAV per share rose to $25.97, reflecting a strong quarterly performance despite a slight decline in ounces of gold held. Overall, the Trust remains focused on gold investments, with no significant operational uncertainties or liquidity issues noted. Future performance will likely be influenced by gold market trends and broader economic conditions.