By Chirag Mehta Global central bankers' pledge to limit the fallout of the UK's vote to leave the European Union has ignited 'risk-on' sentiment. The inherent promise to maintain global liquidity has seen money pouring into global equities, taking stocks higher and making gold look less attractive. Better-than-expected labour market data, retail sales and a hawkish tone from the US Fed all led to an increase in expectations of a rate hike this year. This led to renewed strength in the dollar and a swift correction in gold prices. However, lower-than-expected GDP numbers summed up the dire state of recovery of the US economy, dashing hopes of rate hikes in the near term. This led to a sharp...
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