Gold could rebound despite hawkish Fed outlook, analyst says

Demand for the precious metal as a portfolio diversification tool and a way to hedge against uncertainty could continue to support prices over time. Gold is on hold ahead of the Federal Reserve’s rate decision, and its next move will hinge on whether policymakers signal a hawkish stance, according to Rick Kanda, managing director at The Gold Bullion Company. With markets expecting rates to remain unchanged, investors will look for clues about the possibility of a December hike.

Source: Crypto Briefing