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Julius Baer downplays likelihood of rate hike, remains positive on gold

With doubts growing over the Federal Reserve’s willingness to raise rates next month, Bank Julius Baer is advising investors to purchase gold as insurance against persistent market uncertainty. Rate hike “charades” Julius Baer believes that the Federal Reserve, despite sounding some positive notes, is unlikely to follow through with a rate hike in the summer. “People are already starting to wonder how…

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