Gold is trading higher amid rate cut hopes.
Portfolio Pulse from Benzinga Newsdesk
Gold prices are on the rise due to expectations of interest rate cuts.
April 01, 2024 | 2:48 pm
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POSITIVE IMPACT
GLD, a gold-backed ETF, is likely to see its price increase in the short term due to rising gold prices.
GLD tracks the price of gold. With gold prices increasing amid expectations of interest rate cuts, investors may flock to gold as a safe haven, boosting demand for GLD.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90