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Gold hits new high as banks predict upward trend continuing into 2025 (NYSEARCA:GLD)

kent-jackson by kent-jackson
October 22, 2024
in News
0
Gold hits new high as banks predict upward trend continuing into 2025 (NYSEARCA:GLD)
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Oct. 21, 2024 5:50 PM ET
SPDR® Gold Shares ETF (GLD), GDX

IAU, SLV, NEM
, KGC, AEM, IAG, HMY, GOLD, HL, PAAS, SIL, EGO, DRD, ASA, SA, AGI, EXK, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, OUNZ, SILJ, OR, WPM, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CUR, GATO, SKE, TFPM



By: Carl Surran, SA News Editor

stack of shiny gold bars 3d illustration

monsitj/iStock via Getty Images

Gold futures closed at another record-high Monday, and several big banks foresee gold extending its rally into next year because of a revival in large inflows to ETFs and expectations of additional interest rate cuts from central banks around the world. This surge in gold prices is also fueled by geopolitical uncertainty, inflation concerns, and the desire for safe-haven assets.

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Oct. 21, 2024 5:50 PM ET
SPDR® Gold Shares ETF (GLD), GDX

IAU, SLV, NEM
, KGC, AEM, IAG, HMY, GOLD, HL, PAAS, SIL, EGO, DRD, ASA, SA, AGI, EXK, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, OUNZ, SILJ, OR, WPM, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CUR, GATO, SKE, TFPM



By: Carl Surran, SA News Editor

stack of shiny gold bars 3d illustration

monsitj/iStock via Getty Images

Gold futures closed at another record-high Monday, and several big banks foresee gold extending its rally into next year because of a revival in large inflows to ETFs and expectations of additional interest rate cuts from central banks around the world. This surge in gold prices is also fueled by geopolitical uncertainty, inflation concerns, and the desire for safe-haven assets.

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