Philadelphia Gold and Silver Index
What it is:
The Philadelphia Gold and Silver Index (Nasdaq: XAU) is traded on the Philadelphia Stock Exchange and is made up of 16 precious metal mining companies.
How it works (Example):
Why it Matters:
The Philadelphia Gold and Silver Index is one of the most closely followed gold indices on the market. An investor can use this index as a benchmark to compare with his/her investments in gold or silver mining companies
An investor can mirror the performance of this index by weighting their portfolio allocation similarly to the index's allocation. Alternatively, an investor may choose to invest in an ETF that trades gold and silver mining companies.
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