Gold Climbs Further After Fed Raised Interest Rates

ORIGINAL SOURCE: Gold settles higher to halt 4-session skid, climbs further after Fed decision by  Myra P. Saefong of marketwatch.com on 12/13/17

Well so far so good, since the Fed has been raising interest rates and again gold has moved up along with them.

Excerpt: “Not surprisingly, gold’s reaction has been positive ... and that’s precisely what I expect, as the record of the last two years shows that year-end rate hikes have served as launching pads for big rallies in gold,” he said. “The Fed’s plans for rate normalization have been side-tracked by economic reality in the new year. However, also judging from the past two years, it could take a couple of days or a couple of weeks for gold to begin rebounding more strongly.”

Please read the rest here; Gold settles higher to halt 4-session skid, climbs further after Fed decision