"Gold is likely to remain on the defensive in the coming sessions," said James Moore, an analyst at TheBullionDesk.com, in a research note.
"While expectation of a U.S. rate hike have bolstered the dollar, the Fed is unlikely to make sharp rate increases for fear of damaging economic growth, and the question remains as to how many more financial institutions the Fed/Treasury is willing to bail out before it allows nature to run its course," Moore said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment