RE:Breaking News, Happening Now!!! Interest rates up gold goes down. 10 Yr Rates 0.93 % to 1.53 % YTD
US $$$ going down Gold goes up. This time not currently following to closely.
US RAnge bound at year low 90 - 91 Falling from year high 104
US$ holding here because interest rates going up.
Usually more money printing would cause the US$$ to fall.
FED financial engineering with the rates to be able to sell BONDs.
No one wants to buy bonds at rates < 1%.
BePatient4now wrote:
1.9 trillion Bill passed this morning!!! Going to the Senate. How will this affect Gold??? Any thoughts??