Gold Lower as Haven Demand Softens
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Gold prices have edged lower in early Asian trade due to a decrease in safe-haven demand, according to UOB analysts.
November 27, 2024 | 1:15 am
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AAAU, a gold-backed ETF, may experience a short-term price decrease as gold prices dip due to reduced safe-haven demand.
AAAU is directly impacted by gold price movements. As gold prices decrease due to reduced safe-haven demand, AAAU's value is likely to follow suit in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80