Gold and silver are trading lower amid a rise in the dollar.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver prices are declining due to an increase in the value of the dollar.
September 06, 2024 | 7:40 pm
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NEGATIVE IMPACT
The SPDR Gold Trust (GLD) is likely to see a short-term decline in its price as gold prices fall due to a stronger dollar.
GLD is directly affected by gold prices, which are declining due to a stronger dollar. This typically leads to a decrease in GLD's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares Silver Trust (SLV) is expected to experience a short-term decrease in its price as silver prices fall amid a rising dollar.
SLV is directly impacted by silver prices, which are falling due to a stronger dollar. This is likely to result in a decrease in SLV's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80