When there’s a strong US dollar and negative investor sentiment, Gold seems to lose its shine. Just yesterday, gold prices fell to near a one-month low amid sharp declines in precious metals due to a stronger dollar, with looming Federal Reserve interest rate hikes also denting bullion’s appeal. But gold prices edged a little higher today, helped by a slight pullback in the dollar, although lingering worries over further aggressive US interest rate hikes kept gains in check. On Money in the Market, Andrew Naylor, Regional CEO (excluding China) & Public Policy at World Gold Council gives us an outlook on gold and what the demand looks like for gold in the region.
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