Gold prices continue to see some profit taking as Philly Fed Survey falls to 12.5, beating expectations
Portfolio Pulse from
Gold prices are experiencing profit-taking as the Philadelphia Fed Survey reports a drop to 12.5, which is better than expected. This indicates a potential impact on gold-related investments.
March 20, 2025 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AAAU, a gold-backed ETF, may see short-term price fluctuations due to profit-taking in gold prices as the Philly Fed Survey beats expectations.
The Philly Fed Survey's better-than-expected results suggest economic resilience, leading to profit-taking in gold. This could negatively impact AAAU, a gold-backed ETF, as investors might shift away from gold.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80