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Fed Hike Sparks Gold Rally

As expected, the U.S. Federal Reserve raised its benchmark interest rate today by a quarter percent, sparking a modest rally in the DOW and S&P and a much more substantial move to the upside for gold. An interest rate hike is generally positive for U.S. dollar strength and negative for gold so today’s dollar weakness […]

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Rough Week for Gold – More to Come?

Suffice to say it’s been a rough week for gold and gold mining stocks. With economic indicators and Federal Reserve officials pointing to higher interest rates at the upcoming Federal Open Market Committee (FOMC) meeting next week the US dollar index has firmed appreciably, putting downward pressure on gold. Lending support to an interest rate […]

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Gold Moves Higher, Mining Stocks Hesitant

Gold equities hardly put in a stellar performance this week although the physical metal has been on a steady upward trend, suggesting a breakout above the $1300 level might not be far off. Conflicting statements from Federal Reserve officials – not to mention Trump’s Treasury Secretary, Steven Mnuchin – continue to roil the dollar.  Adding […]

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