Spot gold near session high above $2,947/oz after U.S. weekly jobless claims fall to 220k
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Spot gold prices rose above $2,947/oz following a drop in U.S. weekly jobless claims to 220,000. This development may impact gold-related assets, including ETFs like AAAU.
March 13, 2025 | 1:00 pm
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The rise in spot gold prices above $2,947/oz due to lower U.S. jobless claims could positively impact AAAU, a gold-related ETF.
AAAU is a gold-related ETF, and its performance is closely tied to the price of gold. The increase in spot gold prices due to economic data suggests a potential positive impact on AAAU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80