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30 Million of Americans Applied for Unemployment Benefit. Should They Buy Gold?

From sunshineprofits.com

Just like the BoJ last week, the ECB also expanded its monetary policy easing. Meanwhile across the pond, more than 30 million of Americans applied for the unemployment benefit. What does it all means for the gold market? Following the statements of the Bank of Japan and the Federal Reserve, the European Central Bank announced on Thursday its newest monetary policy decisions. Although the central bank of the Eurozone kept its main policy rates unchanged, it expanded its monetary policy stimulus in a few ways. First, the ECB eased conditions on the targeted longer-term refinancing operations (TLTRO III) during the ... (full story)

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  • Category: Fundamental Analysis