Gold price sells off after as-expected Fed rate cut
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Gold prices declined following an anticipated Federal Reserve rate cut. The market reaction suggests that the rate cut was already priced in, leading to a sell-off in gold. This development could impact gold-related assets, including ETFs like AAAU.
December 18, 2024 | 7:45 pm
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AAAU, a gold-related ETF, may experience short-term price fluctuations due to the decline in gold prices following the Fed's rate cut.
The decline in gold prices following the Fed's rate cut is likely to affect gold-related ETFs like AAAU. As gold prices drop, the value of AAAU may decrease in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70