In previous tightening cycle interest rates reached peak in July 2006. During next 18 months gold increased by 28%, then recession started.

by ChampionshipUsed9855

Gold is currently trading at $1,999.90 per ounce, up 0.72% from yesterday’s close of $1,983.18 per ounce. Gold prices are up 28.4% since December 2007 and have outperformed the 3-month Treasury yield by a wide margin over that time period.