Commodity Trade Mantra

Posts Tagged ‘December Interest Rate Hike’

Gold Reacts to Increased Odds of a December Rate Hike

India’s plan to tap idle gold may exceed expectations. Appetite for gold in China, which accounts for one-fifth of global investment demand, could fall as the country moves to internationalize the yuan. Gold prices may dip as the Federal Reserve hikes rates. But sustained economic strength in the longer run should start to push inflation higher, helping gold.

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