A hawkish Fed could trigger a medium-term correction in gold - OANDA's Wong
Portfolio Pulse from
OANDA's Wong suggests that a hawkish Federal Reserve stance could lead to a medium-term correction in gold prices. This could impact gold-related assets, including ETFs like AAAU.
December 16, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A hawkish Federal Reserve stance could lead to a medium-term correction in gold prices, potentially affecting the AAAU ETF, which is tied to gold performance.
The AAAU ETF is directly tied to gold prices. A hawkish Fed typically strengthens the US dollar, which can lead to lower gold prices. This would negatively impact AAAU's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80