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Gold Price News: Are Certain Events Impacting GLD? | The Mesh Report

Gold Price News: Are Certain Events Impacting GLD?

Mike Hammer June 19, 2017 Comments Off on Gold Price News: Are Certain Events Impacting GLD?

Most folks believe interest rate hikes drop the price of gold, due to investors wanting something that pays interest.  But does that belief bear out over time? The answer is a resounding NO.  Today’s featured article shows the historical trend of gold following a rate hike is UP, not down.  This makes sense if you think of rising interest rates as a form of inflation.

In times of inflation, the price of most everything goes up.  And that includes gold.  So while the short-term direction may be down, given a few months we will most probably see a rise in the price of gold.  And that’s without any more geopolitical events, Donald Trumps, or Spanish bank meltdowns.

Continue Reading At The Gold Enthusiast



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