Gold, Silver, Platinum Forecasts – Gold Retreats As Dollar Gains Ground At The Start Of The Week
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Gold prices have retreated as the US dollar gains strength at the start of the week, with gold failing to settle above the $2650 level.
December 02, 2024 | 6:30 pm
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NEGATIVE IMPACT
AAAU, a gold-backed ETF, may see a short-term impact due to the retreat in gold prices as the US dollar strengthens.
AAAU is directly linked to gold prices, and a retreat in gold prices due to a stronger dollar could negatively impact the ETF's value in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80