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Tag: rate hike

Fed Rate Hikes Unlikely Threat to Gold – XAU/USD Moves Off Monthly Low

March 17, 2022 - Despite yesterday’s 25 basis points rate hike announced by the US Federal Reserve, gold has regained its positive traction and risen above $1,940.  Fed Chair Powell has indicated that additional rate hikes are under consideration in the coming months and the consensus is for a total of seven rate hikes by year’s end. Contrary to the belief that an increase in interest[...]