Even If Fed Raises Rates, Gold May Have Already Factored It In

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Kitco News speaks with Jim Wyckoff as headlines highlight cheaper gas prices, uncertainty in Europe and the Fed potentially raising rates sooner than expected. Wyckoff says gold has been having a rough patch the past couple of months due to the lack of fresh bullish fundamental news. Wyckoff also comments on the recent news that the U.S. is seeing the cheapest gas prices since 2010. “The cheap gasoline prices…are indicative of a raw commodities sector that is generally in ill health right now.” Wyckoff also comments on when he expects the Fed will begin to raise rates and how he doesn’t think it will impact gold that much. “The gold market, as well as the marketplace, is in the process of factoring in interest rate rises in the U.S. in 2015 and the majority of the market impact of such has probably already occurred.” Tune in now to get his latest market ratings for both gold and silver on this edition of “Technically Speaking.” Kitco News, September 10, 2014.

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