Perspective on Gold by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
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Below the Perspective on Gold by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The price of gold has been moving more or less in line with the expectations on the trajectory of US interest rates. That the Fed is likely to cut rates two or three times during this CY may lend more strength to gold mainly due to the potential for Dollar depreciation after a rate cut. Gold will have limited downside from the current levels and US$2050/60 will be a strong support.”
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