Can Western Central Banks Continue Capping Gold At $1350? | Metals Mine

  • Can Western Central Banks Continue Capping Gold At $1350?

    From investmentresearchdynamics.com

    Shanghai Gold will change the current gold market with its ‘consumed in the East but priced in the West’ arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed.” – Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014 The price of gold has jumped 5.8% in a little over 3 weeks. This is a big move in a short period of time for any asset. Two factors fueled the move. The first is the expectation that Central Banks globally will revert back to money printing and negative interest rate policies to address a collapsing global economy. The second ... (full story)

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GoldGrilz
Jun 18, 2019 10:30pm — Edited
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Good one!

"The price of gold is most heavily controlled just before, during and after the FOMC meeting. The next meeting begins tomorrow and culminates with the FOMC policy statement to be released just after 2 p.m. EST."

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