Spot gold nears session high after U.S. durable goods rise 0.2% in October
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Spot gold prices approached session highs following a 0.2% increase in U.S. durable goods orders for October. This economic data can influence gold-related assets, such as the AAAU ETF, which tracks the price of gold.
November 27, 2024 | 2:00 pm
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The AAAU ETF, which tracks the price of gold, may see a positive impact as spot gold prices rise following the increase in U.S. durable goods orders.
The rise in U.S. durable goods orders suggests economic stability, which can lead to increased demand for gold as a safe-haven asset. This is likely to positively impact the AAAU ETF, which tracks gold prices.
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