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home / news releases / GLDM - Golden Storm: The Epic Rise Of Gold Prices To Uncharted Heights

GLDM - Golden Storm: The Epic Rise Of Gold Prices To Uncharted Heights

SPDR Gold MiniShares Trust

2024-03-05 12:05:42 ET

Summary

  • Gold prices hit a record high of over $2,100 per ounce due to economic uncertainty and expectations of lower interest rates.
  • Traders are confident that interest rates will drop by June, leading to increased bets on gold in the futures market.
  • The Federal Reserve's actions and important economic reports will impact gold prices and the overall economy.

Fundamentals:

On Tuesday, the price of gold went way up, hitting over $2,100 per ounce in New York, a record high. This happened because a lot of big economic things are going on in the world right now that are making investors very interested in gold....

For further details see:

Golden Storm: The Epic Rise Of Gold Prices To Uncharted Heights
Stock Information
Company Name: SPDR Gold MiniShares Trust
Stock Symbol: GLDM
Market: NYSE
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