Gold xStock

Gold xStock (GLDx) is an xStocks token that tracks the SPDR Gold Shares fund, traded in the US under the ticker GLD. GLD is an exchange-traded fund that aims to reflect the performance of the gold bullion price; the price of GLDx is therefore indirectly linked to the gold price per ounce. The token is issued as a tracker certificate by Backed Assets (JE) Limited, established in Jersey.

GLDx gives no direct ownership right over physical gold or GLD fund units; what stands behind the token is the issuer's certificate obligation and the fund units underlying that obligation. This structure differs from gold tokens backed directly by physical gold. According to the product page, the management fee reflects the ongoing costs of the underlying fund. The token is available on Ethereum, Solana, BNB Chain and Arbitrum; it is not sold to US persons and is not offered in jurisdictions on Backed's list of restricted countries.

Lzzo.com identifies GLDx by issuer, Ethereum network and contract address; the price comes from the USD pair on Kraken or, if that source is not suitable, from a Jupiter (Solana) pool with sufficient liquidity. The value on the page is the token's price; it does not come from the same source as the values on Lzzo.com's gold ounce, gram gold or GLD fund pages.