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March 16, 2017

Gold Price Jump

by oakley711

Gold Price Jump

Wow, what a day today the gold spot price jumped over $25 an ounce! It would seem that the big jump in gold was predicated by the fact that the Federal Reserve Board said it would gradually increase interest rates.

So far this year the gold spot price is up approximately 7%!

Gold Price Jump

Usually, interest rate hikes are negative for the price of gold. So, I guess today is the exception to the rule.

 


 

 

Gold Price Jump

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