The interest rate hike is just around the corner, evident from the latest speech of Federal Reserve Chair Janet Yellen at Harvard University and the slowdown in consumer credit, increasing by only $13.4 billion in April.
Gold prices, while expected to grow in the second year-half, may instead hover at $1,253.00 per ounce. Given the strong U.S. dollar, investing in gold is less risky and so pension funds acquire positions from units like royal funds and many more international groups.
Investors pushed stocks to mid-week gains worldwide, aiming at bigger returns than bond offerings. The technology sector is recovering from earlier segmentation and global hardware revenue is seen rising as much as $2.3 billion this year.