Gold prices to see another +20% year, rallying to $3,300 as governments continue to spend - AuAg's Eric Strand
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Gold prices are expected to rise by another 20% this year, reaching $3,300, as governments continue their spending, according to Eric Strand from AuAg. This prediction suggests a bullish outlook for gold-related investments.
January 21, 2025 | 8:00 pm
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POSITIVE IMPACT
AAAU, a gold-backed ETF, is likely to benefit from the predicted 20% rise in gold prices to $3,300, driven by continued government spending.
AAAU is a gold-backed ETF, and a rise in gold prices directly increases the value of its holdings. The prediction of a 20% increase in gold prices to $3,300 suggests a positive impact on AAAU's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80