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Why the Fed might not be able to put a stop to gold’s run

Posted on 25 May 2016

Gold has enjoyed a great start to 2016, but now finds itself in retreat, with the yellow metal hitting the lowest level since April in intraday trading Monday. But while the greater perceived potential for a Federal Reserve rate hike this summer appears to be sending the commodity lower, some say such speculation is not a good reason to sell gold.
“If you look at gold on a very long-term basis, there is literally very little correlation between interest rates and gold,” Boris Schlossberg said Monday on CNBC’s “Power Lunch.” “Basically, gold rose when interest rates rose in the ’70s, gold rose when interest rates declined in the ’90s,” so the likely effect of Fed rate rises isn’t straightforward………………………………………..Full Article: Source


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