CT Gold Buyer. Paying top dollar for gold over 30 years
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Fed will likely raise rates! How will Gold fair?
Posted on December 7, 2016 at 11:39 AM |
Oh yes It's very likely the Fed will raise interest rates on December 15th when they meet and yes gold will take a tremendous hit on that day. However the economy isn't doing all that great still and we feel gold will not dip below the tentative $1000 mark for long in fact after the smoke clears we expect a slow increase as we head into the new year. Investors are very sensitive global events and tend to have a knee jerk reaction when it comes to gold. I would head on down here To East Main Jewelry and ride this wave before the big fall.
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