Gold Down As US Rate Hike Likely

Posted By: Religare
Subscribe to GoodReturns

Gold futures closed lower in the international market on Monday pressured by expectations for a U.S. interest-rate increase as early as this month, but with uncertainty surrounding a wide swath of geopolitics helping to limit any losses for the safe-haven asset.

Gold Down As US Rate Hike Likely

Traditionally, higher Fed interest rates can make the U.S. dollar strengthen, weighing on prices for gold, which is primarily traded in the greenback.

Read more about: gold, us dollar
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns