What Happens to Gold During a Rate-Hike Period?

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The question is not what the value of gold is in USD, the question is what the value of Dollar is in gold.

jankohrasko
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Gold will always rise as its demand surpassed supply.

DonzaiNoHana
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Paper Gold has resulted in false valuation. Some physical gold is fully owned by several entities. Gold historically kept up with inflation, physical gold, if it was not for paper manipulation would be much much higher.

Baruch-Hashem