U.S. Rate Hikes and Gold. Reality Trumps Prediction
March 27, 2018 111 view(s)
Surely it can’t be coincidence, but each time the U.S. Fed seems certain to raise interest rates, the gold price gets marked down ahead of the announcement, but when rates are duly raised the price recovers after a couple of days. On the latest data it seems to be general equities which are suffering while gold and silver are providing some good trading opportunities around the FOMC meetings at which rate rise patterns are established.