Gold (XAU) Silver (XAG) Daily Forecast: Inflation Data Drives Safe-Haven Demand
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Gold prices have risen to $2,688 due to increased safe-haven demand driven by inflation data and speculation about a Federal Reserve rate cut. Silver is facing challenges near the $23 support level.
December 13, 2024 | 7:45 am
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POSITIVE IMPACT
AAAU, a gold-backed ETF, is likely to benefit from the rise in gold prices driven by safe-haven demand amid inflation concerns and potential Fed rate cuts.
AAAU is directly linked to gold prices, which have increased due to safe-haven demand. This is likely to positively impact AAAU's value as investors seek gold exposure.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80