TeleTrade - Analytics

TeleTrade

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13.01.2016 06:16 Gold declined slightly

Gold is currently at $1,084.60 (-0.06%). Bullion declined further as a rebound in stocks reduced demand for safe-haven assets. A stronger greenback put additional pressure on gold. The dollar is likely to do well in 2016 with market participants expecting the Federal Reserve to raise rates further this year. This would increase the opportunity cost of holding the non-interest-paying precious metal and reduce demand.



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