Gold, Silver, Platinum Forecasts – Gold Moves Lower On Profit-Taking
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Gold prices are declining as traders engage in profit-taking ahead of the Federal Reserve's decision. This movement is affecting precious metals like silver and platinum as well.
January 29, 2025 | 5:30 pm
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AAAU, a gold-backed ETF, may see a short-term decline in value as gold prices drop due to profit-taking by traders ahead of the Federal Reserve's decision.
AAAU is directly impacted by gold price movements. As traders take profits and gold prices decline, AAAU's value is likely to decrease in the short term. The anticipation of the Fed's decision adds to market uncertainty.
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