Gold Remains Firm in Near-term as Central Banks Downplayed Rate Hike Expectations

<p>Gold price consolidates at the highest level in 2 months. Its recent rally has been driven by major banks’ attempt to tame rate hike expectations. We expect its strength to remain in the near-term. However, elevated inflation would eventually force central banks to reduce monetary stimulus and increase the policy rate, leading to decline in [&#8230;]</p>
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