September 26, 2018

Gold is trading at $1,195.00 this morning, down $5.80, as the US dollar erased yesterday’s losses and is currently up .25% ahead of today’s Fed release.  Interest rates are overwhelmingly expected to rise today which has traditionally boosted the US dollar’s attractiveness to investors. Gold’s correlation to rising rates has been erratic, with some hikes helping and others hurting its price in recent years.