Gold continues to struggle against the euro even as ECB cuts rates by 25 basis points
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Gold is struggling against the euro despite the European Central Bank's decision to cut rates by 25 basis points.
March 06, 2025 | 1:45 pm
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AAAU, a gold-backed ETF, may face pressure as gold struggles against the euro despite the ECB's rate cut.
AAAU is a gold-backed ETF, and its performance is directly tied to gold prices. The struggle of gold against the euro, despite a rate cut by the ECB, suggests potential downward pressure on AAAU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50