With long-term support and constrained supply, gold around $2,600/oz is a buying opportunity – IG's Rudolph
Portfolio Pulse from
IG's Rudolph suggests that gold at around $2,600/oz presents a buying opportunity due to long-term support and constrained supply.
November 13, 2024 | 9:15 pm
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POSITIVE IMPACT
The article suggests that gold is a buying opportunity at $2,600/oz, which could positively impact AAAU, a gold-backed ETF.
AAAU is a gold-backed ETF, and positive sentiment towards gold prices at $2,600/oz could lead to increased investor interest in AAAU, driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80