Wall Street and Main Street both bearish on gold for next week as risk assets reign supreme
Portfolio Pulse from
Both Wall Street and Main Street are bearish on gold for the upcoming week, as risk assets are currently favored. This sentiment could impact gold-related investments.
November 08, 2024 | 11:45 pm
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NEGATIVE IMPACT
The bearish sentiment on gold from both Wall Street and Main Street suggests potential short-term price pressure on AAAU, a gold-related ETF.
AAAU is directly related to gold prices. With both Wall Street and Main Street showing bearish sentiment towards gold, AAAU may experience downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80