Gold Market Outlook: U.S. Jobs Data & Powell's Speech Set to Drive Next Move
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Gold prices are near a record high due to a weaker dollar and falling yields. Upcoming U.S. jobs data and a speech by Powell are expected to influence the next move in gold prices.
March 07, 2025 | 1:00 pm
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AAAU, a gold ETF, may see price movements as gold prices hover near record highs. Upcoming U.S. jobs data and Powell's speech could influence gold's direction.
AAAU is directly tied to gold prices, which are currently near record highs due to a weaker dollar and falling yields. The upcoming U.S. jobs data and Powell's speech are key events that could drive gold prices higher, potentially benefiting AAAU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80