Adam
Gold futures falls Wednesday to a 7 week low in European trade as the chances of a US interest rate rise increased.
Wednesday, odds of a Fed rate hike in June augmented by 10% from a day earlier, according to futures markets. Investors are paying attention to comments from Feds officials, after that Fed's April meeting convinced market players to a possibility of a rate hike in June, and investors appear to be more comfortable with global stocks regained level.
As the US Dollar depends on Gold, the US dollar is at its highest level in 2 months.
Wednesday, odds of a Fed rate hike in June augmented by 10% from a day earlier, according to futures markets. Investors are paying attention to comments from Feds officials, after that Fed's April meeting convinced market players to a possibility of a rate hike in June, and investors appear to be more comfortable with global stocks regained level.
As the US Dollar depends on Gold, the US dollar is at its highest level in 2 months.
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