There seems to be a bit of confusion and hyperbole about the relationship between interest rates and the price of gold.
Some think that an interest rate rise is bad for the price gold because it increases the "cost of carry" for gold and/or the returns on an competing investments.
Some think that an interest rate risk is good for the price of gold because it will wreck the US economy, collapse the banking system and hasten a post apocalyptic gold based financial system.
Personally, I think that there are other greater forces at work in the gold market putting downward pressure on the price and these interest rate scenarios are either immaterial or wilding fanciful.
