| The downtrend in gold will continue in the first part of 2016 because of higher interest rates in the United States and stronger dollar, analysts have said. Carsten Menke, commodities research analyst at Julius Baer, said that the precious metal is expected to remain “out of favour” among investors next year.
“Gold prices are in a longer-term downtrend that is driven by fading investment demand. Given the outlook for sound growth, higher interest rates and muted inflation, gold should remain out of favour among investors also next year and the downtrend should continue,” Menke told Gulf News...............................................Full Article: Source
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