Gold slightly up after hitting record high overnight
Portfolio Pulse from
Gold prices slightly increased after hitting a new record high, supported by the Federal Reserve's dovish stance. The FOMC meeting concluded with no interest rate changes, and Fed Chair Powell balanced comments about economic solidity and inflation concerns. Central banks in the UK and Sweden also maintained unchanged monetary policies.
March 20, 2025 | 5:30 pm
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POSITIVE IMPACT
The SPDR Gold Shares Trust (AAAU) could benefit from the current gold price momentum, with gold reaching a new record high and technical indicators showing bullish sentiment.
AAAU tracks gold prices, so the recent record high and positive market sentiment could drive the ETF's performance upward. The Fed's cautious approach and stable central bank policies suggest continued gold price support.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50