Gold Up 1.8%, Silver Up 2.6% After Dovish Fed Signals Slow Interest Rate Rises

– Gold up 1.8%, silver up 2.6% – Fed signals slow rate rises – Dollar sells off as Fed raises 0.25% to target range of 0.75 percent to 1 percent on inflation outlook and “ebullient” stocks – Gold’s biggest 1 day percentage gain since September 2016 – Fed raises rates for only the third time since crisis – Fade out Fed “jibber jabber” and focus on still ultra low rates (see chart) – Rising rates bullish for gold as seen in 1970s and 2003 to 2007 (see table) – Silver rose 26% in 2003, 14% in 2004, 29% in 2005 and 46.6% in 2006

First published here: Gold Up 1.8%, Silver Up 2.6% After Dovish Fed Signals Slow Interest Rate Rises