18.12.2015 - After a three-year lull, gold set to regain lustre
Gold has lost its mojo over the last three years, losing about half its value since 2012. But action in the yellow metal is set to return. Trouble is brewing for gold bears. The metal is already up by about 2 per cent from its six-year low of $1,046/ounce recorded in early-December. On Thursday, after the news of the Fed rate hike, gold dropped just 0.3 per cent. Gold may not deliver double-digit returns, but surely 2016 will be a better year than 2015. The US Federal Reserve on Thursday increased the short-term rate by 25 basis points, taking it up from a near-zero level since 2009...............................................Full Article: Source
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