December 21, 2018

Gold spiked after the Fed’s decision to increase interest rates and plan two additional rate hikes for 2019 on Wednesday.  It has since dropped but is still trading higher than before the FOMC meeting, currently at $1,258.60. Equities plunged after the news of two more rate hikes in 2019, with the Dow falling over 450 points on Thursday and the Nasdaq teetering around bear market territory for the first time since the 2008.