Gold prices edged lower on Tuesday, pressured by prospects of rising U.S. interest rates, while an easing dollar and escalating trade tensions between the United States and other major economies supported the metal. U.S. Fed Chairman Jerome Powell last week said the central bank should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals. which is highly sensitive to rising U.S. interest rates, could see demand take a hit from higher rates, as these tend to boost the dollar and push bond yields up. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774Monday, 25 June 2018
Gold Inches Down On U.S. Rate Hike Prospects
Gold prices edged lower on Tuesday, pressured by prospects of rising U.S. interest rates, while an easing dollar and escalating trade tensions between the United States and other major economies supported the metal. U.S. Fed Chairman Jerome Powell last week said the central bank should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals. which is highly sensitive to rising U.S. interest rates, could see demand take a hit from higher rates, as these tend to boost the dollar and push bond yields up. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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