Friday 30 October 2015

Reader’s Response: Fluctuations in gold rate

Good news for gold

The decision of the Federal Reserve Bank of US to leave the interest rates  unchanged has created much volatility in the market and bought in some good news for gold. The bank's stance on the rates and heightened concerns of the global economy has bought positive sentiment in the gold market, at least in the short term. I sure that this will change the mood of the market to a great level and we will see the change happening soon.

Ashutosh Sharma
MD, Shreem Jeweler
New Delhi

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