Why gold prices skidded from record highs to a losing streak in just two weeks
Portfolio Pulse from
Gold prices have experienced a significant decline from record highs to a losing streak in November. This shift in gold's performance is attributed to various market factors.
November 14, 2024 | 8:30 pm
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NEGATIVE IMPACT
AAAU, a gold-backed ETF, is likely to be impacted by the recent decline in gold prices from record highs to a losing streak in November.
AAAU is directly tied to gold prices as a gold-backed ETF. The recent decline in gold prices will likely negatively impact AAAU's performance in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80