How To Profit From A Move Higher In Gold Without Owning Any
Portfolio Pulse from Mark Putrino
Gold prices are soaring due to geopolitical concerns, and investors can profit from this trend without owning physical gold by investing in the SPDR Gold Shares (NASDAQ: GLD) ETF. The ETF is currently testing resistance around $218, and a breakout could lead to new all-time highs.
August 13, 2024 | 8:23 pm
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The SPDR Gold Shares (GLD) ETF is currently testing resistance around $218. Given the geopolitical concerns, there is a good chance it could break this resistance and trade at new all-time highs.
The article highlights that GLD is testing a significant resistance level at $218. Given the current geopolitical concerns, there is a high probability that it could break this resistance, leading to new all-time highs. This makes GLD a potentially profitable investment in the short term.
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