A 100bp increase would put downward pressure on gold prices for two reasons. As we discussed, it would increase the value of the dollar. Also, it would be a sign to many that the Fed is serious about stopping inflation.
…while a 75bp increase would not increase the value of the dollar and be a sign that the FED is a bunch of nincompoops.
/sarcasm, in case not obvious.
OMG
Gold price this morning is down to $1694.
How low will this price go? The sixteen handle did not bring in buyers like I thought might happen.
Silver also down this morning.
ETA
Catch a falling knife?
Gold has fallen this evening more than twenty bucks on the day down to $1673.30.
Totally within the scope of this topic:
When will it become time to buy?
OK, maybe on Wednesday if the Fed does not do 100. The possibility of 100 might be impacting the gold price at this point?
My time frame may be wrong, but I will be biting at <$1632.
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I will be biting at < $811.75.
How deep did you go in today?
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It caught me off guard and I only put about 5 toes in. The remaining toes as well as both feet will be ready tomorrow afternoon … presuming I survive my first ever stress test. 
ETA: Also, I would like to see it close below 1632. If it pops up from here, I will probably sell and wait for another trough.
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Two related articles
Edit.
Another article
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Time to revive this old thread? Gold is about $2365 per ounce. Looks like the retail investor is getting interested, which is a bad sign.
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Woah. I hadn’t noticed gold and silver’s crazy rise over the last 2 months…
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Despite a cooling inflationary environment, gold prices have continued their upward march and just reached a new milestone of over $2,525 per ounce.
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Buying at a record high while inflation is about back to normal? Sounds compelling indeed … 
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Not suggesting that anyone do anything but huge budget deficits and high national debt for countries all around the world, especially the United States gives me pause.
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It might ought to give you cause. :))
Unfortunately, it is out of stock. It looks like a good buy
Donald Trump Won 2025 Gold Coin in Velvet Display Case - 47th Presidential Commemorative Gold Plated Replica Challenge Coin with Cert of Authenticity (2025 Velvet)
I don’t collect MAGA memorabilia but I’ll take your real gold coins (aka not these fake plated ones) if you have too many. 
I don’t see a price, but doubt that it’s a good buy. You might have better luck with the Franklin Mint products. As for memorabilia, grab a pen at the inauguration. They’re incredibly cheap, but it’s at least got his name on it.
The Utah legislature will probably override the veto, since it was passed overwhelmingly. I do not know the numbers, but the amount of gold is probably small compared to purchases in India.
Gov. Spencer Cox put a stop to — or at least paused — Utah’s drive toward transacting business using gold.
The governor vetoed HB306, sponsored by Rep. Ken Ivory, R-West Jordan, a bill that would have hired a company to set up a system that would enable the state to pay vendors using gold, if that’s how the vendors choose to be paid.
The payment system was envisioned as the next step along Utah’s road to gold. The state had already purchased about $60 million worth of gold as of the end of the legislative session under a bill Ivory sponsored last year and is on pace to put about $140 million of the state’s emergency funds into the precious metal.
Although gold has had an impressive run up recently it still is behind the S&P 500 over a 5 year peeiod. I believe this chart also does not include the VOO etf dividends.
I can’t see this being constitutional. What’s next? Approving bitcoin as legal tender and forcing a state to pay in bitcoin if the vendor so chooses?