Gold price holds its ground as Federal Reserve cuts rates by 25 basis points
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Gold prices remain stable as the Federal Reserve reduces interest rates by 25 basis points. This decision could influence gold-related investments, such as the AAAU ETF, which tracks gold prices.
November 07, 2024 | 7:30 pm
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The AAAU ETF, which tracks gold prices, may see a stable or positive impact as gold prices hold steady following the Federal Reserve's decision to cut interest rates by 25 basis points.
The Federal Reserve's rate cut typically makes gold more attractive as a non-yielding asset, potentially benefiting ETFs like AAAU that track gold prices. The stability in gold prices suggests a positive or stable outlook for AAAU.
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