Draghi or Lagarde: A Meaningful Difference for Gold? | Metals Mine

  • Draghi or Lagarde: A Meaningful Difference for Gold?

    From sunshineprofits.com

    In November, Christine Lagarde will replace Mario Draghi as the ECB President. Will gold warm up to her more than to Draghi? It remains to be seen, but one thing is certain: Super Mario will not leave his position just like that. Gold investors should be prepared for his Grand Finale. In June, the ECB became more dovish, as it postponed the possible beginning of the interest rate hiking from the end of 2019 to the mid-2020. Shortly after the central banks' monetary policy meeting, at the annual conference in Sintra, Portugal, Draghi delivered a mini 'whatever it takes' speech, sending even more forceful signal about ... (full story)

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EventsTrader
Jul 23, 2019 2:47pm
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Interesting article. The author seems to think that Lagarde will be even more dovish that Super Mario. That still remains to be seen. This week's meeting the ECB is likely to signal that rate cuts are in the pipeline. Whoever is heading the ECB, dovishness and lower rates going forward is probably coming no matter what.
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