Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market. The losses in gold were limited, however, with bullion underpinned by myriad global uncertainties, including a report that U.S. President Donald Trump was under investigation.
Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was factored in beforehand. The U.S. Federal Reserve raised interest rates by a notch as expected on Wednesday and indicated further tightening before the end of the year. For More Information About Commodity Advisory Firm Please Visit : www.paceresearchindia.com and Call : 8817774774
Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was factored in beforehand. The U.S. Federal Reserve raised interest rates by a notch as expected on Wednesday and indicated further tightening before the end of the year. For More Information About Commodity Advisory Firm Please Visit : www.paceresearchindia.com and Call : 8817774774
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