Gold will still be able to find support drivers, could hit $3,000 by end 2025: CBA
Portfolio Pulse from
CBA's Vivek Dhar predicts that gold will continue to find support in various environments, potentially reaching $3,000 by the end of 2025.
November 25, 2024 | 9:30 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CBA's prediction of gold reaching $3,000 by 2025 could positively impact AAAU, a gold-backed ETF, as it benefits from rising gold prices.
AAAU is a gold-backed ETF, and its performance is directly tied to gold prices. CBA's forecast of gold reaching $3,000 by 2025 suggests a bullish outlook for gold, which would likely lead to an increase in AAAU's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80