| Gold prices had a slight rebound last week, supported by the U.S. Federal Reserve’s decision not to raise interest rates. The yellow metal has taken quite the beating in market trading this year, as expectations of a Fed rate hike continue to mount. Higher interest rates would mean that income-generating assets will become more attractive to investors than commodities such as gold and silver, which do not generate income but instead appreciate in value over time.
This would then lead to uplift for the U.S. dollar, whose decline is usually hedged against using gold. But this scenario does not necessarily prove negative for my gold price forecast...............................................Full Article: Source
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