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Gold Up On Netherlands Election Uncertainty

By Religare

Gold futures closed higher in the international market on Monday underpinned by uncertainty surrounding elections in the Netherlands, after strong expectations for a Federal Reserve interest-rate hike on Wednesday clobbered precious metals.

Gold Up On Netherlands Election Uncertainty

The expectation for higher rates can lift the dollar, which can undercut appetite for assets priced in the currency. Higher interest rates can also diminish the appeal of precious metals like gold, which don't bear a yield.


Read more about: gold elections
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