Here’s Proof Rising Rates Are Good for Gold

John Grandits writes: When the Federal Reserve raised interest rates in December—and then laid out a plan to do so three more times in 2017—theory suggested gold should fall. As gold is a non-yielding asset, the cost of holding it increases as rates rise. However, theory doesn’t always convert into practice. Since the Fed’s decision, gold is up 7.5%—and it’s no anomaly.
The Market Oracle

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