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Gold Prices: Here’s Why Gold Prices Could Soar

Posted on 04 April 2016

Remember last year when some people were saying that gold prices would crash because the U.S. Federal Reserve would raise interest rates? Well, they couldn’t be more wrong. Since December 16, 2015—the date of the first Fed rate hike since the financial crisis—the gold spot price has surged 14.3%. Going forward, there are still quite a few catalysts that could send the price of the shiny metal even higher.
While several Fed people have been calling for more rate hikes, Fed Chair Janet Yellen thought otherwise. Speaking at the Economic Club in New York on Tuesday, Yellen said that the Federal Open Market Committee (FOMC) would “proceed cautiously” with interest rate policies, and that caution “is especially warranted.”……………………………………….Full Article: Source


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