U.S. Bank WM is not ready to buy gold, but $3,000 is no deterrent when it does
Portfolio Pulse from
Rob Haworth from U.S. Bank Wealth Management discussed gold's recent price surge, highlighting that while gold has reached all-time highs above $3,050, the firm is not yet ready to invest. Haworth believes sustained gold prices depend on continued economic uncertainty, potential dollar weakness, and global interest rate dynamics. The strategist sees potential in Asian gold demand but remains skeptical about immediate investment.
March 20, 2025 | 5:00 pm
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The AAAU ETF could experience price movements based on current gold market dynamics, with strategists like Rob Haworth cautioning about potential market uncertainties.
While AAAU is an Aberdeen Standard Physical Gold Shares ETF directly tied to gold prices, the news suggests a neutral outlook with potential for both upside and downside based on economic conditions.
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IMPORTANCE 60
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