Gold and silver are trading higher following US employment data.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver are trading higher following the release of US employment data.
July 05, 2024 | 3:26 pm
News sentiment analysis
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POSITIVE IMPACT
The SPDR Gold Shares ETF (GLD) is likely to see a positive impact as gold prices rise following the release of US employment data.
The rise in gold prices is directly beneficial for GLD, which tracks the price of gold. Positive employment data often influences commodity prices, including gold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The iShares Silver Trust ETF (SLV) is likely to see a positive impact as silver prices rise following the release of US employment data.
The rise in silver prices is directly beneficial for SLV, which tracks the price of silver. Positive employment data often influences commodity prices, including silver.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100