Gold futures edged lower on Thursday, giving back a small portion of the 2.1% gain prices saw a day earlier. Given that U.S. monetary tightening is not complete and that the Federal Open Market Committee is poised to raise the policy rates by a further this year, “we see gold prices continuing to correct lower,” said analysts at ICICI Bank. They expect gold prices to move down to the $1,600 level by December. Gold for December delivery GCZ22,
DE 40 forecast: the index may enter a sideways range
The downtrend in the DE 40 stock index still dominates, but a sideways range is likely to form in the short term. The DE 40