Gold (XAU) Silver (XAG) Daily Forecast: Can Fed Policy Slow Gold's Bullish Trend Toward $2,715?
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Gold is consolidating above $2,600 due to the Fed's cautious outlook, which supports safe-haven demand. The question remains whether prices will reach $2,715.
December 19, 2024 | 8:15 am
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AAAU, a gold-backed ETF, may see increased interest as gold prices consolidate above $2,600, driven by the Fed's cautious outlook.
AAAU is directly linked to gold prices. As gold consolidates above $2,600 due to the Fed's cautious stance, demand for gold-backed ETFs like AAAU may increase, potentially driving its price up.
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RELEVANCE 80