Conventional wisdom holds that an interest rate hike in December will be bad for gold. But will it? There is actually evidence the opposite could be true. Higher interest rates generally boost the dollar. This puts downward pressure on the price of gold. So, one would expect a rate hike to cause gold to tank. […]
Is a December Rate Hike Necessarily Bad News for Gold?
from SchiffGold.com http://ift.tt/2zR2JmW
