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Bullion has fallen out of favour with investors as the Federal Reserve prepares to raise interest rates, boosting the dollar and hurting gold’s allure. Prices could fall below $1,000 for the first time since 2009, Jeffrey Currie, Goldman’s New York-based head of commodities research, said in an interview. ABN Amro Bank NV’s Georgette Boele and Robin Bhar of Societe Generale SA are also bearish.
“I expect gold prices will fall further,” Boele said by e-mail from Amsterdam on Wednesday. “Expectation of higher rates in the US is negative for the precious metals
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Bullion has fallen out of favour with investors as the Federal Reserve prepares to raise interest rates, boosting the dollar and hurting gold’s allure. Prices could fall below $1,000 for the first time since 2009, Jeffrey Currie, Goldman’s New York-based head of commodities research, said in an interview. ABN Amro Bank NV’s Georgette Boele and Robin Bhar of Societe Generale SA are also bearish.
“I expect gold prices will fall further,” Boele said by e-mail from Amsterdam on Wednesday. “Expectation of higher rates in the US is negative for the precious metals
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