Invesco Physical Gold ETC is an exchange traded commodity that provides direct exposure to the spot price of gold through debt certificates backed by physical gold bullion. The product is structured as asset-backed securities issued by Invesco Physical Markets plc and is UCITS-eligible, making it accessible to a wide range of European investment vehicles and individual investors. Its objective is to mirror the performance of gold as measured by widely used benchmarks such as the LBMA Gold Price or London Gold Market PM Fix in US dollars, with returns reflecting movements in the underlying metal minus ongoing fees. The ETC holds allocated gold bars, with custody provided by J.P. Morgan Chase Bank in London vaults, and uses a collateralised structure designed to maintain holdings broadly equivalent to the value of certificates in issue. Invesco Physical Gold ETC plays a role as a liquid, transparent instrument for gaining gold exposure within portfolios focused on commodities, diversification, or precious metals risk management.