11.12.2015 - What will trigger gold to fall ‘drastically’
Gold will continue to feel more pain over the next few days and may even fall “drastically” should investors see indications that there will be frequent interest rate increases in the US, an industry source told Gulf News. Retail gold prices in Dubai moved a bit higher on Thursday morning, but the bullion remained under pressure as the Fed meeting inches closer. Early trade saw 24-carat rise 50 fils to Dh129.50 from a day earlier. The latest price is still way below the peak level achieved in October, paving the way for buyers to continue scoring some bargains. Dubai’s jewellery shops were retailing 22K at Dh122.75, while 21K and 18K traded at Dh117.25 and Dh100.75, respectively...............................................Full Article: Source
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