May 05, 2017 BY LeapRate Staff

Gold plunges as Fed revives June rate hike expectations

The article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Gold recorded its biggest weekly loss since November, as the Federal Reserve (Fed) kept the June interest rate hike expectations alive at its April meeting. Gold was sitting on the critical $1’257/1’252 support (38.2% retracement…

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