Rates Up, Gold Down
Posted on March 05, 2013 at 09:59 AM EST
Yes, the real rate of interest matters to gold. But not as much as its direction… Wall Street and the City are coming to decide that gold is a sell. Because interest rates, they reason, are set to rise sooner than they used to imagine. This professional money is only half-wrong. Central banks aren’t about [...] View the full post at: Rates Up, Gold Down Related posts: Central Banks Around the World Cut Interest Rates Is the Gold Market Headed for a Bubble? The Rise in Long-Term Interest Rates: Good and Bad News