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Little room for gold to rally further given impending Fed rate hikes: Pictet

Bullion not likely to break the US$1,430 an ounce level and may stabilise around US$1,250 to US$1,300

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Gold may have met its match after a stellar start to the year as a probable trio of rate hikes from the Federal Reserve through to the end of 2017 means there's little room for it to rally further from near a two-year high, according to Pictet Wealth Management.

Singapore

GOLD may have met its match after a stellar start to the year as a probable trio of rate hikes from the Federal Reserve through to the end of 2017 means there's little room for it to rally further from near a two-year high, according to Pictet Wealth Management.

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