Gold selling has accelerated since Donald Trump’s surprise U.S. election win.
The SPDR Gold Trust (ETF)
Much of the gold selling is related
However, rising interest rates may not be as bad for gold as investors are fearing.
Benzinga looked back at how gold prices fared during all six of the Fed tightening cycles in the past 30 years and found that gold averaged an 11.2 percent gain throughout these cycles. In fact, gold prices delivered positive returns in four out of the last six tightening cycles.
In the most recent tightening cycle from June 2004 to August 2006, gold prices soared 56.9 percent.
Despite the post-election selloff, gold is actually performing very well in the current cycle as well. Since the beginning of December 2015, gold prices are up 19.4 percent.
In the one week of trading following the election, levered
Since the election, the Direxion Shares Exchange Traded Fund Trust
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