Actually rising interest rates should dampen the rise in gold prices.
One commentator used to say: interest rate hikes are like roaches, if you see one, you know there are more!
Were rates to get anywhere near where they were in the early 80s, some mortgage rates got to 18%, the housing bubble would not just break, it would explode. The fed deficit would climb by trillions just to pay interest on the fed debt.
SO, if gold does rise a lot, that could very well signal the death of the dollar and the end of the US as a super power, a goal of the commies for years.
Huge PM sell-off again in the past few days. That’s the way it goes. I’m still ‘holding.’
I just watch the fluctuations as they seem to react quicker than normal these days on ANY news/speculation concerning the Fed.