| Gold bulls hoping an anticipated rise in U.S. interest rates will paradoxically boost the metal's price might just be disappointed, as the wider environment offers little to justify a rebound. Gold has fallen 10 percent so far in 2015, hitting its lowest in nearly six years largely on speculation that monetary policy will tighten.
In theory, higher interest rates weigh on bullion by lifting the opportunity cost of holding such a non-yielding asset. While expectations of a rate rise have driven selling, some bulls say it is so well priced into gold that the reality of any slow and gradual rise from record lows after this week's forecast increase could reinvigorate investment...............................................Full Article: Source
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