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The View From The Montana Log-Cabin As The Fed Hikes Rates And Gold Goes All Over The Shop

By Nigel Somerville | Saturday 18 June 2022


Gold finished this week at $1840 – down from last week’s $1872, but a good recovery from the drop to test $1810 in the wake of the Fed’s rush of blood in raising interest rates this week by 0.75%, accompanied by the suggestion that we could be in for the same again at the next meeting. The Fed wants us all to know that it is taking inflation very seriously. Very seriously indeed.

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