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All you need to know to keep track of gold prices
In 2013, when the Fed’s chair Bernanke announced bond tapering, there was a fast sell-off in gold. In fact, gold lost nearly 20% of its value over a few months. So, with the Fed ‘talking about tapering’ and gold falling off rapidly is this about to be another 20% fall in gold. Well, let’s take a look at some of the differences. The differences In 2013 there was a divergence between the Fed and the ECB. The ECB was cutting rates and doing QE. The Fed was looking at tightening. In 2013 there were disinflationary pressures and oil prices were falling. Now in 2021, we have had a long period of dollar weakness. ... (full story)