Gold prices near session highs as U.S. housing starts fall 3.1% in October
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Gold prices rose as U.S. housing starts fell by 3.1% in October, indicating potential economic slowdown. This development may impact gold-related assets like AAAU.
November 19, 2024 | 2:00 pm
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AAAU, a gold-related ETF, may see positive short-term impact as gold prices rise due to a 3.1% drop in U.S. housing starts, indicating economic slowdown.
The drop in U.S. housing starts suggests economic uncertainty, which typically boosts gold prices as investors seek safe-haven assets. AAAU, being a gold-related ETF, is likely to benefit from this trend.
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