"Gold price went down and tested the $1,800 level and now bounced back up to a more comfortable $1,850 area. Gold price could fluctuate after the June Fed meeting," says George Milling-Stanley. Will a sign of weakness in the U.S. Dollar help gold? "I see equities and gold moving higher together after the Fed tackles inflation. Looking historically, gold has nothing to fear from a rising interest rate environment," Milling-Stanley adds.
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