Gold price has room to hit $8,000 in this bull cycle as Fed deals with next crisis – Brien Lundin
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Gold prices are predicted to potentially reach $8,000 in the current bull cycle as the Federal Reserve addresses upcoming economic challenges, according to Brien Lundin.
November 08, 2024 | 9:15 pm
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POSITIVE IMPACT
The prediction of gold prices potentially reaching $8,000 could positively impact AAAU, a gold-backed ETF, as investors may seek exposure to gold.
AAAU is a gold-backed ETF, and a significant rise in gold prices would likely increase its value as investors look to gain exposure to gold. The prediction of gold reaching $8,000 suggests a bullish outlook for gold-related assets.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80