Rising Russia-Ukraine Tensions Reinvigorates Gold Prices
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Rising tensions between Russia and Ukraine are causing investors to seek safe haven assets, leading to an increase in gold prices. This shift is occurring as the U.S. post-election rally fades.
November 29, 2024 | 7:00 pm
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SGDM, a gold miners ETF, is likely to benefit from rising gold prices due to increased demand for safe haven assets amid Russia-Ukraine tensions.
SGDM is an ETF that tracks gold miners, which typically benefit from rising gold prices. The current geopolitical tensions are driving investors towards gold, likely boosting SGDM's value.
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