| Gold price weakness is likely to continue until higher US interest rates are confirmed due to the uncertainty of how the metal will react, Macquarie said. The bank expects the Federal Reserve to lift rates, which have been near zero for many years, in December, it said at a press briefing here on Tuesday.
For now, investors are largely uninterested in gold given the easing in immediate threats to the world economy and while the dollar is firm as the Fed remains on course to tighten monetary policy, the bank said. Physical demand from Asia has been only maintained by continually lower dollar prices, it added..............................................Full Article: Source
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