Gold ETFs Regain Momentum: Will the Rally Continue in 2025?
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Gold prices have risen to a two-week high due to increased purchases by China, potential Fed rate cuts, and geopolitical tensions. Investors can gain exposure through gold ETFs.
December 11, 2024 | 4:15 pm
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The SPDR Gold Trust (GLD) is likely to benefit from the recent rise in gold prices, driven by China's increased purchases, potential Fed rate cuts, and geopolitical tensions.
GLD is directly linked to the spot gold price, which has risen due to increased demand from China, expectations of a Fed rate cut, and geopolitical tensions. These factors are likely to positively impact GLD's price.
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IMPORTANCE 70
RELEVANCE 80