Gold (XAU) Price Forecast: Traders Eye $2,790 as Geopolitical Risks Remain Elevated
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Gold prices have seen their best weekly gain in two years, driven by increased safe-haven demand and signals from the Federal Reserve. Traders are watching to see if gold can maintain its position above $2,663 and potentially test $2,790 in the coming week.
November 23, 2024 | 9:15 am
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POSITIVE IMPACT
AAAU, a gold-backed ETF, is likely to benefit from the recent surge in gold prices, which have seen their best weekly gain in two years due to safe-haven demand and Federal Reserve signals.
AAAU is directly tied to gold prices, which have surged due to geopolitical risks and Federal Reserve signals. As gold prices rise, AAAU is likely to see increased investor interest and price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80