Gold, silver see solid gains on safe-haven bids, China demand hopes
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Gold and silver prices have seen significant gains due to increased safe-haven demand and hopes for rising demand from China.
December 09, 2024 | 6:30 pm
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POSITIVE IMPACT
AAAU, a gold-backed ETF, is likely to benefit from the recent rise in gold prices driven by safe-haven demand and expectations of increased demand from China.
AAAU is directly linked to gold prices as it is a gold-backed ETF. The rise in gold prices due to safe-haven demand and potential increased demand from China is likely to positively impact AAAU's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80