28.12.2015 - Gold price: why it could go below $1,000 – or above $1,100
The gold price continues to defy gravity. Received wisdom has it that gold falls in price when interest rates rise – and this cycle was set in motion by the Federal Reserve's raising of interest rates last week. Higher rates boost income-generating alternatives and tend to spur the dollar, against which gold is a hedge. But gold has not followed the script. It did slump the day after the Fed's decision last Thursday, hitting a new six-year low of around $1,050, but it has since been gradually rising and was this morning trading at around $1,080 an ounce. The question now is where it goes from here...............................................Full Article: Source
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