Gold climbs on weak dollar, global tension

Gold will extend its rally as the dollar weakens, future U.S. interest rate increases are already priced in and equity markets decline amid mounting geopolitical risk, according to Prestige Economics. “Gold is going higher here,” Jason Schenker, president and founder of the Austin, Texas-based firm, said in a Bloomberg TV interview Monday. “We see a gradually weakening dollar on trend. Although we expect two more rate hikes this year — September, December — and four rate hikes next year, what we...

Share this post