Gold Price Forecast – This Week's Election Results Support More Downside in Gold
Portfolio Pulse from
The recent election results suggest a potential downside for gold prices, with a forecasted pullback to the 200-day moving average of $2,400. This aligns with previous predictions of a possible collapse in gold prices.
November 08, 2024 | 6:00 pm
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The election results suggest a potential decline in gold prices, which could negatively impact AAAU, a gold-backed ETF.
AAAU is a gold-backed ETF, and its performance is directly tied to gold prices. The forecasted pullback in gold to $2,400 suggests a potential decline in AAAU's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80