Replies to post #9974 on Direxion Daily Gold Miners Be (DUST)

[apparentamateur]

Ummm... Based on the fact that those two indicators positively effect the valuation of gold...

A rate hike would have strengthened the US Dollar and the price of gold has an inverse relationship with the movement of the dollar.

If there was a hike, then gold valuation would have dropped.

There was no hike due to uncertainty in the economy. Thus, gold price is positively impacted.

I mean I don't know what you expect me to say... The price of gold is directly tied to the strength of the IS dollar, which is effected by rate decisions, and by the global economy. Those are the driving factors In gold right now, as well as strong global demand for gold. All this points to a steady increase in the price of gold, unless ECONOMIC data proves otherwise.