| Boris Gerjovi?, from Maribor, Slovenia, accomplished a thorough examination of the real impact of interest rates on the price of gold. The results may surprise you. For quite some time, central banks around the globe — first and foremost the Federal Reserve System — are tinkering with the threat of a hike in interest rates, whereas the prompt result is a 'Damocles Sword' hovering above the markets, especially gold (higher US interest rates are generally believed to lead to a higher US dollar impacting the price of gold in US dollar negatively).
As per “The Sword above the Damocles-Dollar“ (2010): "The value of the sword is not that it falls, but that it hangs threatening to fall... Uneasy rests the head that wears the crown!"........................................Full Article: Source
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