Gold hit as future rate outlook clouded

THE metals commodity complex lost a little bit of ground in the run up to a much anticipated US interest rate cut, while the subsequent associated commentary from the US Fed cast some doubt on the need for future easing.

Gold hit as future rate outlook clouded Gold hit as future rate outlook clouded Gold hit as future rate outlook clouded Gold hit as future rate outlook clouded Gold hit as future rate outlook clouded

This resulted in spot gold plummeting to US$1485 per ounce, though Bloomberg reported bond traders are still leaning towards another 2019 Fed rate cut.

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