from Silver Doctors:
Gold’s sharp early-year surge has fizzled in recent weeks as investment demand faded. The primary reason is the universal belief that the Fed’s upcoming rate hikes are very bearish for gold. Higher rates will make zero-yielding gold relatively less attractive, argues this popular thesis. But history proves just the opposite…
Submitted by Adam Hamilton, Zeal:
Gold actually thrives in rising- and higher-rate environments, so rate hikes are nothing to fear.
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