Why a Fed Rate Hike May Hurt Demand for Gold

Gold traded near a three-week low on concern that the Federal Reserve may raise interest rates as soon as June after the possibility was flagged in the minutes of its meeting last month. HSBC Chief Commodities Analyst James Steel discusses with Bloomberg's Anna Edwards on "Countdown."

Full Show: Surveillance (09/20)
39:20 - Bloomberg Surveillance hosted by Tom Keene, Francine Lacqua, and Nejra Cehic. Guests include former Bank of England Governor Mervyn King, Sir Martin Sorrell, chief executive officer at WPP Plc, and Richard Haass, president at Council on Foreign Relations. (Source: Bloomberg)
  • Full Show: What'd You Miss? (09/20)
  • What to Watch for in the Federal Reserve's Decision
  • Full Show: Surveillance (09/19)