Price of Gold Today Continues 2017 Rate Hike Rally

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
The price of gold today (Friday, March 31) is up 0.4% to $1,248, continuing the metal’s strong rally recently.
If you’ve been watching gold prices, you know the metal has blasted higher since the Fed hiked rates on March 15. Since then, gold has gained 3.9%, or about $47.
Meanwhile, the U. S. dollar, stocks, and oil prices have been stalling. That’s reversed somewhat in the past week, but gold’s price action has remained resilient.