Gold is giving back $250 election premium, $300 China premium at risk from stimulus – Société Générale
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Gold prices are retracting the $250 premium gained from election-related factors, and a $300 premium related to China is at risk due to potential stimulus measures, according to Société Générale.
November 20, 2024 | 8:45 pm
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AAAU, a gold-backed ETF, may see price fluctuations as gold prices retract the $250 election premium and face risks from potential Chinese stimulus.
AAAU is directly tied to gold prices. As gold loses its election premium and faces risks from Chinese stimulus, AAAU's value may decrease in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80