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

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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.

 

 

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