Gold Is Beating Everything Since the Fed Raised Rates
- Bullion beats other major assets since the central bank hiked
- Precious metal touched three-month high above $1,325 last week
Rhodes Says Gold Had Solid Year in 2017
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Gold’s outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.
“Since the December hike, gold is beating stocks, the dollar and bitcoin,” Bloomberg Intelligence analyst Mike McGlone wrote in a note. “Unless greenback weakness reverses, gold should shine.”