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Gold: Another year of Fed watching on tap?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The traditional wisdom is that gold tends to fall when interest rates rise because higher interest rates tend to boost the US dollar (in which gold is denominated) and increase the appeal of alternative investments such as bonds. One week after the Federal Reserve embarked on its first rate hike cycle in nearly decade though, gold is not stubbornly refusing to follow the script. The yellow metal did fall in the immediate aftermath of last week’s “hawkish hike” from the Fed, but the commodity

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