The FOMC “Fed” has decided to finally raise the base interest rate from .25 basis points to .75. And Gold Remains resilient! Mostly though, this was a planned and expected move by the fed after they have delayed raising rates many times. And hence, this is currently built into gold prices. However, what is more interesting in my opinion, is that gold is trading more than 100$ more per ounce than the beginning of the year. This sounds like inflation to me…

We’ll be keeping an eye on the longer term effects of this rate change over the next few weeks.

MORE INFO: http://www.kitco.com/news/2016-12-14/Gold-Flat-As-Fed-Raises-Interest-Rates-As-Expected.html