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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Why are gold and the dollar both falling?

Posted on 20 November 2013

Last week, the nominee for next chairperson of the US Federal Reserve, Janet Yellen, delivered a very dovish speech to the Senate Banking Committee. The main gist of her message centered around the message of “no set time for tapering” and “long-term unemployment being the biggest problem for the US recovery.”
Although the bond-buying program may seem to artificially hold down interest rates and induce risky behavior, Yellen added that the Fed doesn’t see a broad build up in leverage that might pose a risk to financial stability at this point……………………………………Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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