Biden win to boost gold prices
Summary
By sueyangfx.com October 29, 2020 at 06:57AM Biden’s good for gold? The medium term fundamental situation for gold remains very strong despite yesterday’s sell off. The Fed is expected to keep interest rates at current low levels until 2023. When […]
More On Forexlive RSS Breaking News Feed
- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
October 29, 2020 at 06:57AM
Biden’s good for gold?
The medium term fundamental situation for gold remains very strong despite yesterday’s sell off. The Fed is expected to keep interest rates at current low levels until 2023. When inflation is taken into account rates are negative, so cash is unattractive to hold. The US dollar, which has a huge impact on