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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

How gold will benefit from a currency war

Posted on 18 February 2013

Talk of a so-called currency war has been heating up, and it might finally light a fire under gold, too. Efforts by countries such as Japan to boost growth with massive stimulus programs — which in turn have devalued their currencies, an aid to exports — can benefit prices for gold.
These have started to alter the precious metal’s relationship with the foreign-exchange market and expand its role as a safe-haven asset. “We are now moving irrevocably to a time when gold will measure currencies, not currencies measure gold,” said Julian Phillips, a South Africa-based contributor and founder at GoldForecaster.com………………………………………..Full Article: Source


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