Gold prices test resistance at $3,050 as U.S. Q4 GDP rises 2.4%
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The U.S. economy grew by 2.4% in Q4 2024, slightly better than expected, but gold prices remain bullish and are testing resistance at $3,050 per ounce. The GDP Price Index also rose to 2.4%, indicating mild inflation pressures. Despite the positive economic data, ongoing concerns about potential economic slowdown are supporting gold prices.
March 27, 2025 | 1:00 pm
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The SPDR Gold Shares Trust (AAAU) is likely to benefit from the current gold price momentum, with spot gold trading near $3,050 and showing strong bullish trends.
AAAU tracks gold prices, and with gold showing strong momentum near all-time highs, the ETF is likely to experience positive price movement. The ongoing economic uncertainty and potential economic slowdown further support gold's attractiveness as a safe-haven asset.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70