Gold Moves Higher Even if the Fed Raises Rates
- January 22, 2016
- Posted by: admin
- Category: Gold
When the Fed raised interest rates in December, many believed gold would plunge. But it didn’t happen.
Gold bottomed the day after the rate hike, but then started moving higher again. And for the last 10 weeks it’s been up about 12%, despite some up and down fluctuations.