Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Gold Is Beating Everything Since the Fed Raised Rates

Jan. 9, 2018

Gold’s outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.

Gold Medal for Gold

Metal outperformed major assets since day before Fed raised rates

“Since the December hike, gold is beating stocks, the dollar and bitcoin,” Bloomberg Intelligence analyst Mike McGlone wrote in a note. “Unless greenback weakness reverses, gold should shine.”

The metal’s sparkling performance in the face of tighter rates, though counter-intuitive, has become the norm. Gold prices have been turning higher soon after the Fed raises rates ever since the global financial crisis.

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