Gold Edges Lower; Upside Appears Capped
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Gold prices have edged lower as the market adjusts to expectations of a slower rate-cut cycle by the Federal Reserve in 2025, according to OCBC.
December 02, 2024 | 12:30 am
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AAAU, a gold-backed ETF, may see a short-term price decline as gold prices edge lower due to expectations of a slower Fed rate-cut cycle in 2025.
AAAU is directly impacted by gold price movements. As gold prices dip due to revised Fed rate-cut expectations, AAAU may experience a short-term decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80