Safe haven instrument,
or not so much anymore?
With a stronger dollar and rising bond yields - the gold does not seem so shiny. Higher interest rates dampen traders’ sentiment towards precious metals. This increases the attractiveness of the high-yielding US currency at the expense of zero-yielding gold, so the demand continues to decline. Many analysts expect the US Federal Reserve to raise interest rates by 100 basis points, or at least no less than 75 basis points. Will gold continue to extend its losses