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Gold falls on rate hike anticipation

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold prices fell on Monday after a week of general downward drift as the markets braced for an expected rate hike by the US Federal Reserve. Any interest rate rise and monetary tightening cycle in the US could potentially have a detrimental effect on gold due to a few reasons. The US dollar and gold generally have a substantial negative correlation due to the fact that gold is denominated in US dollars. If there is increased buying of the dollar as US interest rates rise, this negative

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