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« Rate Hike Gold and Silver Get Clobbered | Main | The Gold Bugs Index; the HUI Loses 6.43% in One Trading Session »

The Federal Reserve 0.25% Rate Hike: Gold and the Dollar


The anticipation is now over, the rate hike has arrived delivered by The Federal Reserve Chairperson, Janet Yellen.


The above chart shows that the US Dollar rocked around a tad and ultimately headed north as we said it would.


The next chart shows golds reaction to the news; up and down but as we write is trading at $1069.30/oz, not exactly the blast-off that many expected.



Where next; this picture of Janet Yellen says a fair bit in that inflation is still a concern and no doubt 2016 will bring us more of the same, a gradual rise in rates, but as always it will be data dependent.



The HUI did put in a decent day gaining 4.5% in today's trading session, so the question remains; Have they finally bottomed?


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