| Participants in the Indian gold market are anticipating a further drop in the dollar price of gold before the end of 2015, with one dealer saying that while current demand was strong, volumes of gold purchased will rise considerably if the Federal Reserve increases interest rates in December.
Data released in the past week, including a revision in third-quarter US GDP, was said to be providing further weight to a December rate hike, with the probability now above 70%, according to Fed Fund Futures estimations. SP Angel said that if November's US non-farm payroll figures are in line with expectations -- higher than 200,000 -- the momentum in the labor market would push the probability of a rate hike even higher...............................................Full Article: Source
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