LONDON, 17 September 2015 – Analysis from BullionVault is today featured in a report on the outlook for gold prices amid a US Fed rate hike from CNBC, the leading US financial news TV service.
"Data from the London Bullion Market Association and the St.Louis Federal Reserve shows that gold's current trading pattern is showing an 'odd similarity' to its performance around the last two rate-hiking cycles," says CNBC, citing BullionVault's analysis, with Dollar prices currently 6.5% lower from three months ago – almost exactly where it stood before the last two US Fed rate-hiking cycles began.
Further quoting BullionVault's analysis, "gold rallied over 10% in the 12 months following the last two rate hikes...but [as BullionVault notes] historical averages can 'lie' and economic circumstances are very different this time around."
Get the full story at CNBC here:
