Gold Rebounds But Bearish Risks Remain

(MENAFN- Investor Brand Network) Gold prices regained some ground in early trading on Friday, recording a 1% uptick during the Asian trading session. This bounce comes after a major sell-off that followed the release of inflation data showing that average prices of commodities were still ticking up and the Fed could most likely tighten monetary policy further when it meets in about two weeks.

As things stand, traders, investors and enterprises like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) will be standing by for the outcome of the Fed meeting that is just around the corner. If rates are hiked as most people expect and...

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