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Stock impact report

Gold Hits Record High: 5 Reasons ETFs Could Rally Further [Yahoo! Finance]

GraniteShares 1.25x Long TSLA Daily ETF (TSL) 
US:NYSE Investor Relations: trinasolar.com/us/investor-relations
Company Research Source: Yahoo! Finance
easing, increased geopolitical tensions and purchases by central banks. Gold bullion ETF SPDR Gold Trust GLD is up 19.7% this year and has advanced 25.7% past year. We believe the long-term prospects for gold prices are even bullish. Here's why. Falling Gold Mining Output? John Reade, chief market strategist at the World Gold Council, told CNBC last month that while there was a notable 4% year-on-year increase in mine production during the first quarter of 2024, the broader trend indicates a plateauing of production from 2016 to 2018, with no significant growth observed thereafter. Mine production nudged up 0.5% year over year in 2023, gained 1.35% in 2022, grew 2.7% in 2021 and recorded the first decline (down 1%) in a decade in 2020. WGC chief believes that gold's decade-long growth story that started in 2008 is showing a downtrend. New gold deposits are also becoming scarce. Fed to Cut Rates in September? The Fed has indicated one rate hike this year. The odds of a rate c Show less Read more
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