Ignore Fed Nonsense – Rising Interest Rates Positive for Gold
Gold Sell Off On Fed Noise - "Interesting Times" To "Support Gold"
Gold prices in dollar terms came under renewed pressure today testing strong support at the $1,200/oz level. Gold dropped another 1% to near a 6 month low and is set for a second week of falls after the dollar soared again after Federal Reserve Chairwoman Janet Yellen suggested a U.S. interest-rate hike could come “relatively soon.”