In exactly two weeks, the Federal Reserve Bank of the United States will most likely enact its first interest rate hike since Theodore Roosevelt was president… oops, no… it’s not been quite as long as that, but it is years and years.
Recent Reports
OK… maybe just one shot of rate rise serum will be called for. Not two, and certainly not three.
In spite of a rising U.S. dollar, gold, perhaps in a corrective mode after a month of losses, made some headway today. In this case, corrective would also mean tempting to bargain hunters.
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