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.
âGold is going higher here,â Jason Schenker, president and founder of the Austin, Texas-based firm, said in a Bloomberg TV interview Monday. âWe see a gradually weakening dollar on trend. Although we expect two more rate hikes this year â September, December â and four rate hikes next year, what we...
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