GOLD 0.51% $1,391.7 gold futures

getting more attention

  1. 2,126 Posts.
    From Bloomberg :

    Staff at Montreal-based Kitco Precious Metals Inc., an online bullion and gold-coin dealer, have had to take shorter breaks to field phone calls and Internet orders that have doubled in the past three days, company president Bart Kitner said yesterday. The most popular products are the American Eagle coin, the Canadian Maple Leaf coin, and pure gold bars, he said.

    http://www.bloomberg.com/apps/news?pid=10000081&sid=ai3WaAKcE9zs&refer=australia

    Question - when the US puts up interest rates by 0.25% tonight (which is 99% sure) will gold drop as predicted by so many pundits? If so, blip down or dive? (I expect a slight dip at most, for perhaps a day or two.)
 
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