More Downside for Gold Driven by a More Hawkish Fed
munrhexaaGold recovered in Asia Monday after the 5-day selloff that has sent the yellow metal to the lowest level since January. However, we remained concerned over the metal's outlook as the market had been pricing in a sooner-than-expected Fed rate hike. The strength in the US dollar and the decline in Treasury notes are also negative for gold prices.
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More Downside for Gold Driven by a More Hawkish Fed
