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Gldm stock price forecast in macro context

Model: NS-40F401NA26
SKU: 6614066
$273.00
Comp. Value: $343.000
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In macro context, "GLDM stock price forecast" is supported by weakening USD index, which inversely correlates with gold performance. A DXY drop below 103.0 may act as a tailwind. The tariff tantrums sent the stock market across the globe into a tailspin. U.S. stock sold off sharply, with Dow Jones Industrial Average futures 1.4% in early trading today. The S&P 500 dropped 1.9%, while the Nasdaq Composite Index dived 1.9%. Major Asian indexes saw heavy losses in response to Trump’s tariffs. The MSCI Asia Pacific Index plunged more than 2% in today’s trading session, while Japan’s Nikkei 225 index and South Korea’s Kospi each tumbled more than 2.5%. Hong Kong's Hang Seng Index was down 0.7%, and Australia's ASX 200 fell 1.9%. The Taiwan Stock Exchange weighted index declined more than 3% and pan-European Stoxx 600 was down 1.3% at the time of writing. The global sell-off will result in huge demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span. These products either create a short position or a leveraged short position in the underlying index through swaps, options, futures contracts and other financial instruments. Due to their compounding effect, investors can enjoy higher returns in a short period of time, provided the trend remains a friend. ProShares Short S&P500 ETF SH and ProShares UltraPro Short S&P500 SPXU offer inverse and three-times inverse exposure, respectively, to the daily performance of the S&P 500 Index. ProShares Short QQQ and ProShares UltraPro Short QQQ SQQQ offer inverse and three-times inverse exposure, respectively, to the daily performance of the Nasdaq-100 Index. Our team is working diligently to resolve the issue. Thank you for your patience and understanding. Above this, the asset may retest yearly highs, aligning with gold spot technicals.