the funny thing is a few rate rises this year has seen gold dip on the announcement because higher rates seem to prop up the dollar i think the main concern is currencies world wide china moving into physical gold instead of UERO or USD higher rates is suppose to curd inflation last nights inflation report was good apparently this is insert from the nasqaq website under market mover from last night
Meanwhile, the November core consumer price index (CPI) rose 0.2% (consensus +0.2%), compared to a 0.2% rise in October... Even though the data showed no major swings in any of the categories and confirmed that inflation was under control, any signs of bullishness were hard to find... When it was all said and done, virtually every sector closed lower... Homebuilding (1.2%) stocks continued to lose ground after touching 52-week highs on Wednesday while technology was
