RE:1970's gold /interest rate hikesHi alverez2,
It is a timely topic.
I was reading about gold vs. Fed Funds Rate at "sunshineprofits.com"
They point out:
Interest Rates and Gold
Many people believe that the price of gold is inversely related to interest rates. However, it is only partially true. In fact, gold prices are driven not by nominal rates (which are not adjusted for inflation), but by real rates (which are nominal rates adjusted for inflation). The data confirms that there might not be negative correlation between gold and the federal funds rate or between gold and nominal bond yields (see the charts below