| The global gold market will likely continue to consolidate in the long term as volatility in the greenback will boost the metal’s prices. “This is given the US Federal Reserve’s (Fed) hesitation in raising interest rates,” said international foreign exchange broker ForexTime Ltd’s chief market analyst, Jameel Ahmad.
In a press conference today, Jameel said the global gold price was expected to move between US$1,140 (RM4,220) and US$1,210 an ounce for now. On the local front, the physical price of gold stood at RM138.13 a gramme as at 9.30am today, down 12 sen from RM138.25 at yesterday’s close...............................................Full Article: Source
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