Gold $3,600? Here’s Why Gold Prices Could Skyrocket
Gold prices have experienced a solid rebound last month, largely on the back of the U.S. Federal Reserve’s decision to not hike interest rates.
Gold prices have certainly taken a pounding in this year’s market trading, as predictions for a Fed interest rate hike grew ever-louder. Now, a higher interest rate generally means that income-generating assets such as bonds and dividend-paying equities are a better choice for investors than appreciative assets like precious metals. These include silver and gold, which.
The post Gold Price Forecast: Fed Interest Rate Hike Could Be the Catalyst to Make Gold Soar appeared first on Profit Confidential.