Gold May Break With Tradition Rallying Into a Fed Hike: Chart
This article is for subscribers only.
Gold’s moves have become fairly predictable around U.S. interest-rate increases -- falling before the Federal Reserve announcement and rallying thereafter. Except maybe this time it will be different. With everyone from hedge funds to investors in exchange-traded products turning more bullish on the metal -- perhaps anticipating the end of a hiking cycle -- gold has climbed into Wednesday’s announcement.