In the light of a strengthening dollar, the price of gold has faced a dip of over 2%. The global financial markets are closely watching the Federal Reserve for any policy clues. As per market analysts, the recent shifts are attributable mainly to the strengthening of the dollar – a phenomenon that traditionally results in the devaluation of gold. Investors hitherto maintaining a keen interest in the yellow metal, are in anticipation of the Federal Reserve’s future direction. The drop in gold rates is indicative of the transient nature of market trends and carries several implications for investors and policy-makers. Read More
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