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home / news releases / AAAU - GLD: Main Drivers Are Showing That The Bear Consolidation Is Nearly Over

AAAU - GLD: Main Drivers Are Showing That The Bear Consolidation Is Nearly Over

Goldman Sachs Physical Gold ETF
  • Gold prices have consolidated by over 12% since their high reached in early August.
  • However, main indicators - real rate, USD index and negative yielding debt - are all showing positive signals on the precious metal.
  • In addition, we think that governments currently underestimate the economic impact of the Winter lockdowns, leading to more QE from central banks.
  • It could be worth buying the dip on GLD if it breaks below $170.

For further details see:

GLD: Main Drivers Are Showing That The Bear Consolidation Is Nearly Over
Stock Information
Company Name: Goldman Sachs Physical Gold ETF
Stock Symbol: AAAU
Market: NYSE
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