Picture: BLOOMBERG/ANINDITO MUKHERJEE— Gold prices held steady on Friday but were on track for a fifth consecutive weekly gain, as a weaker dollar and hopes of slower US interest rate hikes boosted the safe-haven bullion’s appeal.
“It is possible for gold to hit $2,000 this year, but for that we need to see a down shift in hawkish tone from the Fed to confirm current market rate hike expectations,” said IG Market strategist Yeap Jun Rong. With lower rates translating into lesser returns on interest-bearing assets such as government bonds, investors may prefer zero-yield gold.
Minimize your trade risk and losses with the help of expert who can help you with real time market analysis and accurate trading tips. I trust the process Lisa_berry77 put to work and i think you should check it out! It's worth giving a try!!