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FED Talk – Why rate hikes will not have a lasting impact on gold

The full report can be accessed and downloaded as PDF here at goldmoney.com Today’s sell off in gold has led to concerns that the >20% year-to-date rally in gold prices could begin to reverse. In our view this is primarily the reaction to renewed expectations that the FED is indeed prepared to raise rates again, which has led to large sell orders and pushed gold below a key technical level at USD1302/ozt.
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