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Will new Fed policy put pressure on gold prices?

Posted on 11 March 2014

In previous years, the Federal Open Market Committee’s expanding monetary policy (e.g. lowering interest rates) has lifted demand for gold, which is often used as protection against the potential devaluation of the U.S. dollar. But back in 2013, the FOMC’s policy of purchasing long-term treasuries didn’t seem to lift the price of gold.
Moreover, in the past couple of months, the price of has gold rallied, even though the FOMC decided to reduce its asset purchase program. This raises the question: Does the FOMC’s policy still affect gold prices as it once did? Looking forward, will the upcoming FOMC meeting influence precious metals investors as it did before 2013?……………………………………….Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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