Why are interest rates the opportunity cost of holding gold, Financial Management

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Why are interest rates the opportunity cost of holding gold

An article in the Economist magazine notes that "monetary policy has been keeping . . . interest rates, and thus the opportunity cost of holding gold, low and seems set to do so for a while."

Why are interest rates the opportunity cost of holding gold? What effect are low interest rates likely to have on the price of gold?

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Financial Management: Why are interest rates the opportunity cost of holding gold

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