Gold prices have no fear as U.S. bond yields hit a 7-month high in thin holiday trading
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Gold prices remain stable despite U.S. bond yields reaching a 7-month high during thin holiday trading.
December 26, 2024 | 7:45 pm
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NEUTRAL IMPACT
AAAU, a gold-backed ETF, is likely to remain stable as gold prices show resilience despite rising U.S. bond yields.
Gold prices are stable despite rising bond yields, which typically pressure gold. This stability suggests that AAAU, a gold-backed ETF, will not see significant short-term price changes.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50