"Don't Give Up on Your Gold Yet" as Bitcoin Breaks $90,000
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Phil Streible advises investors not to remove gold from their portfolios despite a dip in its price, attributed to a rise in the U.S. Dollar and yields. This comes as Bitcoin surpasses $90,000.
November 12, 2024 | 9:15 pm
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Phil Streible suggests maintaining gold in portfolios despite its price dip, which is linked to a stronger U.S. Dollar and rising yields.
AAAU, a gold ETF, is directly impacted by changes in gold prices. Streible's advice to hold gold suggests a neutral short-term impact, as the dip is seen as temporary.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80