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Analysts eye gold price rise as geopolitics outweighs policy tightening

Posted on 24 July 2014

The price of gold is expected to rise over the coming months even if US Federal Reserve progresses with plans to tightening its monetary policy, according to analysts. Fed chair Janet Yellen recently suggested that the central bank could move to raise interest rates sooner than the market expects, assuming US economic indicators continue to show sustained improvement.
Capital Economics points out that any tightening of US monetary policy would act as a negative for the gold price “at face value”. Rising interest rates would be expected to hurt the price of gold and other non-yielding assets………………………………………..Full Article: Source


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