14.08.2015 - Investors Should Hold Onto Gold Despite Expected Fed Rate Hike
Gold seems to be falling out of favor with investors amid a looming rise in return on US debt as the US Federal Reserve is expected to announce an increase in its federal funds rate; however, the Head of Commodity Research at Germany's Commerzbank has advised investors to hold on to the precious metal rather than sell it. Gold seems to have fallen out of favor with investors as US Federal Reserve Chair Janet Yellen is expected to raise rates at its next policy meeting in September on the back of an improving American economy, boosting the dollar...............................................Full Article: Source
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