Fed rate hikes may weigh on gold, but what happens if currency devaluation accelerates?
From Yihui Xie in 8/31 Bloomberg.com
“Gold edged down, after falling more than 3% on Friday, as Federal Reserve Chairman Kevin Warsh’s pledge to fight inflation lifted bets the US central bank will raise interest rates before the end of the year. Bullion slid as much as 1.3% to trade below $4,400 an ounce before paring the loss, after tumbling the more…

















