Spot gold back above $3,037/oz after U.S. weekly jobless claims rise to 223k
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Spot gold prices have risen above $3,037 per ounce following an increase in U.S. weekly jobless claims to 223,000. This development may impact gold-related assets, such as the AAAU ETF.
March 20, 2025 | 1:00 pm
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The rise in spot gold prices above $3,037/oz due to increased U.S. jobless claims could positively impact the AAAU ETF, which is tied to gold prices.
AAAU is an ETF that tracks the price of gold. The increase in spot gold prices due to higher jobless claims suggests a potential rise in AAAU's value, as it is directly linked to gold prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80