Gold Faces Continued Pressure After Worst Quarter in 13 Years

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Gold prices are expected to remain under pressure in the near term, according to Vedika Narvekar, Research Analyst for Commodities and Currencies at Anand Rathi Shares and Stock Brokers. The precious metal just concluded its worst quarter in 13 years, signaling a significant downturn. Ongoing expectations of interest rate hikes are cited as the primary driver keeping gold prices subdued. Narvekar describes the near-term outlook for gold as negative, suggesting further declines may be ahead.

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