Part of the Stock Digest group of websites: Visit Tech Stock Digest  

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.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 25250.60 0.35%
S&P 500 2750.79 0.59%
NASDAQ 7430.74 0.89%
TSX 15409.47 0.03%
TSX-V 711.36 0.00%

Resource Commodities

Name Last Change
Gold 1227.01 0.01%
Silver 14.71 0.07%
Copper 2.79 0.000
Platinum 843.50 0.05%
Oil 71.34 0.52%
Natural Gas 3.16 1.93%
Uranium 27.50 0.29%
Zinc 1.21 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest