Forecasts From Investment Banks Support Ongoing Gold Rally
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Investment banks are forecasting continued bullish momentum for gold in 2024, driven by market uncertainty. This suggests that the ongoing gold rally may persist, offering opportunities for investors who have not yet participated.
February 25, 2025 | 2:45 pm
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SGDM, a gold miners ETF, may benefit from the ongoing gold rally as investment banks forecast continued bullish momentum for gold in 2024.
SGDM is an ETF that tracks gold miners, which are likely to benefit from a rise in gold prices. The forecasted bullish momentum for gold suggests potential positive impacts on SGDM's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80