Loading ...Saw last night that top forcasters say that the Fed Reserve is about to go on rapid Fire with interest rates boosting them in the second half of this year and every quarter of 2018 possibly driving gold down to the 1000 area.
Followed by other news… Go figure.and first maybe be a reaction to the rest. The US central bank is seen raising borrowing costs later this year given the fiscally expansive policies by President Trump and the new Presidents agenda that will help raise wages in 2018 hosting labor costs the bank said in Jan. 25 report. Gold may yet find support in the first half of 2017.
That’s kinda what I worried about what was down will be up and vise versa. They don’t mention costs including rents and mortgage will be on the sidelines waiting to strip any wage increases and the fed to gold. Looks like they will be battling supposed inflation as well as interest rates putting pressure on home and auto sales after the first half of 2017 that will get worse if it plays out.