and The Dow does not like it. Falling interest rates makes gold more attractive which is why price rose at end of June. A falling Dow will increase the positive sentiment for gold.
“Low rates are a boon to precious metals, which don’t offer yields.”
“As concerns around slowing global growth and trade put further pressure on monetary policy globally, gold may see further support.”
Fed holds rates at 2.50. Gold jumps but will it maintain it’s 1360 level?
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