Gold, silver weaker but up from daily lows
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Gold and silver prices are weaker today but have recovered from their daily lows. Jim Wyckoff, a seasoned financial journalist, provides insights into the commodity markets.
November 14, 2024 | 6:00 pm
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NEUTRAL IMPACT
AAAU, a gold-backed ETF, may experience short-term price fluctuations due to the current weakness in gold prices, although they have recovered from daily lows.
AAAU is directly linked to gold prices. The current weakness in gold, despite a recovery from daily lows, suggests potential short-term volatility for AAAU. However, the lack of a strong directional move in gold prices results in a neutral score.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50