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"You are barking up the wrong tree." Isn't that "Banking up the...

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ocracoke

1,268 Posts.

30/09/14

10:12

Post #: 14047339
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Originally posted by timber1956 ↑

Hercules

I don't think that you understand the relationship between gold and interest rates.

1. Movements in the price of gold have no impact on US interest rates. US interest rates are a function of expected future movements in the Fed Funds Rate. (Interest rates influence the price of gold, but only as a measure of the opportunity losses accrued by holding gold, which is a relatively small pricing factor when interest rates are very low.)
2. The Fed Funds Rate is determined by the FOMC. The FOMC will not raise the Fed Funds Rate if there is a risk that the US economy might be damaged by such a move.

You are barking up the wrong tree.

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"You are barking up the wrong tree."

Isn't that "Banking up the wrong tree"?
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