Stocks valuations, analysis. Unbiased. Insightful. Property of Wolfteam Ltd., www.wolfteamedge.com If you find the blog useful, LINK TO www.posledovich.blogspot.com Stocks, Bitcoin, Cryptocurrencies, AI, analysis, insights. CLICK ADVERTISEMENTS, SHARE ON SOCIAL NETWORKS! Technology, Bitcoin, AI, company strategy, stocks analysis. Stocks, crypto involve high RISK! Nothing on this blog is meant or should be construed as investment recommendation to buy or sell securities or their derivatives!
Gold's price increase stalled in its tracks after both the Federal Reserve and the European Central Bank raised their leading rates by 0.25 %.
The gold and interest rates' inverse relationship is well documented.
Wolfteam Ltd.'s view is that until the Federal Funds Rate target goes below 2.50 % from the current 5.50 %, gold’s price will not go up markedly.
Wolfteam Ltd.
www.wolfteamedge.com
No comments:
Post a Comment