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Gold remained below $4,300 an ounce on Thursday after surrendering intraday gains in the previous session, as the US Federal Reserve raised interest rates and signaled another hike before the end of the year. The Fed increased the fed funds rate by 25 basis points to 3.75%-4%, as expected, marking its first rate increa
Gold prices have stumbled over the past four months, but Goldman Sachs believes the pullback is unlikely to mark the end of the precious metal’s rally, a view that could reignite interest in gold-backed ETFs if the investment bank’s forecast plays out. Citing a note released Sunday, Yahoo Finance reported that Goldman