Gold prices tick up; may slide to $950 early in 2016 on US Federal rate hike, says BofA-ML
Gold prices could go up immediately following the rate hike announcement due to the recent sharp declines, but they will eventually drift lower to $1,000, expert said.
Singapore Last Updated: December 14, 2015 | 11:44 IST
Investors fear higher rates could dent demand for non-interest-paying bullion, while boosting the dollar. Photo: Reuters