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Why Gold Keeps Outperforming (Despite Interest Rates)
What’s the most interesting thing about the current hiking cycle? We’re tempted to go with some of the more obvious facets. Interest rates have seen their steepest rise since the 1970s. Maybe the perpetually-increasing number of recessionary risks this has caused instead? Today, we’ll talk about how gold has performed during the cycle, and how it continues after Fed Chair Jerome Powell’s speech on Friday. Then, Powell upset expectations by actually signaling even more rate hikes. The Chair said the Fed is willing to keep interest rates high and raise them further because, in his words, inflation remains too ... (full story)