Gold prices steady ahead of Fed decision; weekly weakness noted
LONDON - Amundi Physical Metals plc announced on Tuesday the issuance of 810,000 ETC (Exchange Traded Commodity) securities as part of its Amundi Physical Gold ETC series. This represents Tranche 726 of the company’s gold-backed securities program.
Following this issuance, the total number of ETC securities in the series will reach 62,105,359, according to the company’s final terms document dated July 22, 2025.
The newly issued securities will have a metal entitlement of 0.03966424 fine troy ounces of gold per security. The ETC securities are scheduled to be issued on July 24, 2025, with a maturity date of May 23, 2118.
Amundi’s gold ETC securities are designed to track the price of physical gold without requiring investors to take physical delivery of the metal. The securities carry a total expense ratio of 0.12% per annum.
Application has been made for the ETC securities to be admitted to trading on multiple regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.
The ETC securities are backed by physical gold held in allocated accounts. HSBC Bank plc serves as the custodian for the physical gold backing the securities.
Authorized participants for the program include HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas (OTC:BNPQY) Arbitrage SNC, and Virtu Financial (NYSE:VIRT) Ireland Limited.
This information is based on a press release statement from Amundi Physical Metals plc.
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