Interest rate movements are likely to bolster investor appetite for gold.
If gold investors are currently betting on a breakout from the four-month downward trend that began in March, testing lower support levels, the rationale is that even if the Federal Reserve raises interest rates this year, the magnitude and pace will likely be very slight. This interest rate move should strengthen investors’ risk appetite for gold, providing momentum for a renewed upward trend. If the latest US Consumer Price Index released later tonight is lower than expected and lower than… … »Interest rate movements are likely to bolster investor appetite for gold.