# Fed rate hikes push gold into bullish territory - The Business Times

> The Business Times reports that gold rose on the day of the March 21 Fed rate hike, rather than falling as expected. The article attributes this to market pricing in the hike beforehand, with gold range-bound near $1,300.

- Date: 2018-04-01 · published 2018-04-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65437-fed-rate-hikes-push-gold-into-bullish-territory-the-business-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The article concerns gold price behavior around rate decisions and has little direct bearing on feed commodity supply, demand or prices.

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/fed-rate-hikes-push-gold-bullish-territory

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.