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Gold is Going Up On Fed Interest Rises

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Gold has been rising recently, despite predictions that the Fed will raise interest rates.

Devlyn SteeleBullion.Directory precious metals analysis 18 February, 2022
By Devlyn Steele

Director of Education at Augusta Precious Metals

There are many who believe that when interest rates go up, gold gets weaker. The truth is, that gold can rise with interest rates and can also rise with the markets.
 

 
What’s important to remember is that beyond all the economic fundamentals, asset prices go up or down based on the inflows and outflows of money.

In this video Devlyn Steele uses his experience to explain why he feels gold is moving in this direction.

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Devlyn Steelebullion.directory author Devlyn Steele

Devlyn Steele is Director of Education at Augusta Precious Metals, America’s leading gold IRA specialists and go-to precious metals dealer for high-net-worth investors.

A Harvard educated professional economist, Devlyn writes and speaks extensively on precious metals’ use as a portfolio diversification tool and market hedge. He and his team provide a unique personalized introduction and onboarding webinar for new investors at Wyoming-based national gold and silver dealer Augusta Precious Metals.

This article was originally published here

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