Gold Soars to a Near Five-Year High After Fed Hints at Interest Rate Cuts
June 20th, 2019Via: MarketWatch:
Gold prices shot to levels not seen since 2013 on Thursday, as investors flocked to the metal after the U.S. Federal Reserve left key interest rates unchanged but shifted away from its “patient” stance on monetary policy.
“Central banks everywhere are preparing to cut rates and re-start [quantitative easing], opening up a new front in the global trade war,” said Adrian Ash, director of research at BullionVault. “In this race to debase, gold stands out as the only currency which policymakers cannot inflate and devalue.”
Posted in Economy | Top Of Page
