PANDIT JI GOLD NEWS FORECAST

PANDIT JI GOLD NEWS FORECAST;

Gold prices fell for a fourth day, hitting a six-monthlow. The move tracked inversely of a rise in US Treasury bond yields as the priced-in rate hike path implied in Fed Funds futures steepened. Hawkish comments from Fed Chair Jerome Powell at the ECB Forum as well as a broader recovery in risk appetite that bolstered confidence in the US central bank’s ability to proceed with tightening likely drove the move.

 

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