Gold Prices on the Rise: Will Demand Push New Highs in 2025?
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Gold prices are rising in 2024 due to record demand, with expectations of new highs this year and in 2025. The World Gold Council reports a 5% increase in Q3 demand, contributing to higher prices.
November 06, 2024 | 12:15 pm
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The SPDR Gold Shares ETF (GLD) is likely to benefit from the rising gold prices driven by record demand and a 5% increase in Q3 demand.
GLD, as a gold-backed ETF, directly benefits from increases in gold prices. The article highlights a strong upward trend in gold prices due to record demand and a 5% increase in Q3 demand, suggesting a positive impact on GLD's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80