Gold, heading for its worst quarter in a year, may get help from an unlikely source: an increase in U.S. interest rates. While the metal has slumped amid bets that higher rates will hurt demand for non-interest-bearing assets, it has rallied in the months after recent hikes by the Federal Reserve. With the Fed expected to tighten monetary policy again on Wednesday, “once this is out of the way, we expect people to start talking about the everything-bubble again, and about the implication for havens when it bursts,” said Mark O’Byrne, a director at bullion dealer GoldCore Ltd.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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