Gold takes heart from rate cut expectations
The recent rally has been attributed to a two-pronged US trade spat with Mexico and China, and hopes for an interest-rate cut by the US Fed
07 June 2019 - 15:41
Bengaluru — Gold prices steadied on Friday, but remained on course for their biggest weekly gain since March 2018, after rising expectations for a US rate cut and concerns over trade tussles boosted demand for safe-haven bullion.
However, having failed earlier this week to breach its 2019 high of $1,346.73, analysts expect the metal to consolidate until there is fresh impetus...
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