Gold in dollars is clinging onto a small gain this year even after Federal Reserve Chairman Jerome Powell opened the door to four interest rate hikes, but investors in some other currencies are under water, with those in Japan faring the worst with a loss of more than 4 percent. While currency movements go some way to explain the discrepancy, it may reflect a softening of interest in bullion as the global economy strengthens and rates increase.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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