Gold is trading higher. The commodity has gained this year amid rate cut expectations.
Portfolio Pulse from Benzinga Newsdesk
Gold prices are on the rise, driven by expectations of interest rate cuts. This trend has been observed throughout the current year.
March 28, 2024 | 7:11 pm
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POSITIVE IMPACT
The SPDR Gold Trust ETF (GLD) is likely to experience a positive impact due to the rising gold prices, driven by rate cut expectations.
GLD, being a gold-backed ETF, closely tracks the price of gold. With the commodity's price increasing amid rate cut expectations, GLD's value is likely to rise as investors seek exposure to gold.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90