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Gold Is Beating Everything Since the Fed Raised Rates

Gold’s outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.

Gold Medal for Gold

Metal outperformed major assets since day before Fed raised rates

“Since the December hike, gold is beating stocks, the dollar and bitcoin,” Bloomberg Intelligence analyst Mike McGlone wrote in a note. “Unless greenback weakness reverses, gold should shine.”

The metal’s sparkling performance in the face of tighter rates, though counter-intuitive, has become the norm. Gold prices have been turning higher soon after the Fed raises rates ever since the global financial crisis.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25199.30 100.00%
S&P 500 2753.17 0.75%
NASDAQ 7854.44 0.01%
TSX 16477.40 0.25%
TSX-V 717.58 0.00%

Resource Commodities

Name Last Change
Gold 1216.00 0.93%
Silver 15.27 1.83%
Copper 2.75 0.010
Platinum 801.00 1.81%
Oil 68.76 0.99%
Natural Gas 2.72 0.70%
Uranium 23.65 0.08%
Zinc 1.17 0.00%

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