Gold lacking lustre as rate hike looms

Wealth investors’ interest in gold is falling as tensions between the US and North Korea begin to subside and the US Federal Reserve gears up for another rate hike. But while most feel the commodity will be rangebound, and could decline, some argue that there is a buying opportunity ahead. Gold has offered investors reasonably good returns so far this year. Its price has risen about 12% since the beginning of 2017 to reach $1,273 per ounce as of Friday (October). In comparison, …