Buying GLTR On The Dip
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The abrdn Physical Precious Metals Basket Shares ETF (GLTR) offers diversified exposure to gold, silver, platinum, and palladium. Despite a post-election dip, precious metals have recovered, with gold and silver in bullish trends. Central banks' gold holdings and industrial demand for silver support these trends, while geopolitical factors could impact platinum and palladium supply.
December 03, 2024 | 6:15 pm
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POSITIVE IMPACT
The abrdn Physical Precious Metals Basket Shares ETF (GLTR) provides exposure to gold, silver, platinum, and palladium. The ETF benefits from bullish trends in gold and silver, supported by central banks and industrial demand, while geopolitical factors could affect platinum and palladium supply.
GLTR is directly impacted by the trends in precious metals. The bullish trends in gold and silver, supported by central banks and industrial demand, are positive for GLTR. Geopolitical factors affecting platinum and palladium supply could also influence the ETF's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100