Gold hits record high after Fed rates signal

Step back from the spoon-feed analysis to view the bigger picture. Gold is rallying not as a result of the Feds actions but rather the inability of their actions to alter the trends. In other words, capital is voting with their feet that the Fed is not in control of the trends or the consequences of their actions.

Gold hit record highs for a fifth consecutive session on Wednesday after the Federal Reserve signaled it stood ready to inject fresh cash into the economy, knocking the dollar and whetting investor appetite for bullion.

Source: finance.yahoo.com