Gold, Dollar Bounce Add New Angle to Selloff
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Gold's breakout alongside a strengthening U.S. dollar adds a new dimension to the ongoing stock selloff, according to Oliver Renick. This development could have implications for investors and traders.
March 13, 2025 | 9:30 pm
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AAAU, a gold ETF, may see increased interest as gold prices break out amid a stronger U.S. dollar, potentially attracting investors looking for safe-haven assets during the stock selloff.
The breakout in gold prices, despite a stronger U.S. dollar, suggests increased demand for gold as a safe-haven asset. This could lead to a positive impact on AAAU, a gold ETF, as investors seek stability amid stock market volatility.
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