Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility | Metals Mine

  • Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility

    From kitco.com

    The entire world has been captivated by gold’s and silver’s surging momentum as prices hit record high after record high; however, the Federal Reserve Chair is not very impressed with the precious metals’ accomplishments. Many analysts have attributed gold’s and silver’s unprecedented start to the new year, in part, to growing uncertainty surrounding the Federal Reserve’s political independence; however, during his monetary policy press conference, Powell dismissed those concerns. “The argument can be made that we are losing credibility, but that simply is not the case. If you look at wherein flation ... (full story)

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