Fears Of Impending Interest-Rate Hike Tarnish GoldGuest Post
Fears Of Impending Interest-Rate Hike Tarnish Gold by Dan Steinbock, Difference Group
Not so long ago, gold rose to new highs. Recently, it has suffered the most challenging losses since 1999. Rate hikes do not bode well for the gold in the near term, but what about in the medium-term?
AFTER climbing to US$1,206 per ounce in June, gold has suffered seven weeks of losses, the longest fall since 1999. After mid-July, gold . . .
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