Fed adopts a new strategy that opens the door for higher inflation. The change is fundamentally positive for gold prices. So, it happened! In line with market expectations, the Fed has changed its monetary policy framework into a more dovish one! This is something we warned our Readers in our last Fundamental Gold Report: the Fed could change how it defines and achieves its inflation goal, trying, for example, to achieve its inflation target as an average over a longer time period rather than on an annual basis. And it turned out that our worries were justified. On Thursday, the FOMC announced the approval of updates ... (full story)