| While gold’s performance in the immediate future may hinge on economic data and Federal Reserve rate-hike expectations, analysts with TD Securities “still see a place in many portfolios” for the yellow metal.
Gold has fallen in October, but expectations for a December Federal Reserve rate hike are already factored into the market and many longs have already exited the futures, which may help the metal now hold chart support, TDS says. If U.S. economic data are strong, gold and silver could probe still lower. ......................................Full Article: Source
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