GOLD 1/8 : What surprises will happen next
An auspicious start to the week saw gold prices rise further on Friday amid the scene volume and open co-operation. That said, continuing the recovery as-is is not considered reliable for the time being, instead allowing some dynamic state adjustments to be made. Meanwhile, the $1975 per troy ounce area still curtails bullish attempts from time to time.
Last week, policymakers at the Federal Reserve voted to raise interest rates by 25 basis points - to the highest levels seen in more than 22 years.
Last time interest rates were this high, the US National Debt totaled $6.25 trillion.
If the Fed continues to raise rates, that will eventually increase the likelihood that the debt crisis in the US becomes the next big "black swan event".
Last week, policymakers at the Federal Reserve voted to raise interest rates by 25 basis points - to the highest levels seen in more than 22 years.
Last time interest rates were this high, the US National Debt totaled $6.25 trillion.
If the Fed continues to raise rates, that will eventually increase the likelihood that the debt crisis in the US becomes the next big "black swan event".
