[Rockingham]

The fundamentals are simple and easy to understand in the current environment. The Fed stated today that it was not going to raise interest rates in the near term, which means that there will be less pressure against inflation. In turn, higher inflation than expected leads to higher immediate market prices for equities and commodities, with gold benefiting as both a commodity and as a hedge against inflation.

[Chad_the_Impaler]

I agree that gold is reacting to interest rates, but it doesn’t seem to be acting like you would expect an inflation hedge to do for the last few years.