$GLD 20241115 257.0 CALL$ $SPDR Gold Shares(GLD)$ $Gold - main 2412(GCmain)$πΊπ ±οΈππ »π »π Έππ ·π
I opened positions in this call.
ππππππ Gold is expected to climb to new record highs in the next year, according to a survey of the bullion industry in Bloomberg.
SPOT GOLD EXTENDS GAINS AFTER US NON-FARM PAYROLLS DATA, LAST UP 0.5% AT $2,758.60 PER OUNCE.
US 10-YEAR TREASURY YIELDS DROP AFTER JOBS REPORT, LAST AT 4.255%.
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Modify on 2024-11-01 23:40
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The movement of SPDR Gold Shares (GLD) can be attributed to several factors.
Spot Gold Extends Gains After US Non-Farm Payrolls Data: Spot gold prices have increased by 0.5% to $2,758.60 per ounce following the release of positive US non-farm payrolls data. This news indicates strong demand for gold and has contributed to the upward movement of GLD.
US 10-Year Treasury Yields Drop After Jobs Report: The decrease in US 10-year Treasury yields to 4.255% after the release of the jobs report has made gold more attractive as an investment, leading to an increase in GLD.
GLD ETF Gains: The GLD ETF has gained 0.6% on the back of a fifth consecutive day of gains. This positive performance has generated investor interest and contributed to the upward movement of GLD.
Gold Prices Edge Higher Ahead of US Payrolls Data: Gold prices have ticked up ahead of the US payrolls data release, indicating positive sentiment and potential future price increases. This has likely influenced the movement of GLD.
Considering these factors, it is evident that positive news related to gold prices and market conditions are driving the upward movement of GLD.
Please note that the information provided is based on the available news and capital flow data. It is important to conduct further research and analysis before making any investment decisions.
Risk Disclaimer: The movement of stock prices can be influenced by various factors, and investing in stocks involves risks. The information provided is for reference purposes only and does not constitute investment advice. It is recommended to consult with a financial advisor or conduct thorough research before making any investment decisions.
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