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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Woe is gold: monetary metal drops below US$1,200 for first time in a year

Posted on 25 November 2016

Donald Trump’s pledge to fire up the American dollar printing machine again is having the same effect on gold as did the previous three programs of quantitative easing since 2008. That added US$4.5 trillion to the global currency inventory and kneecapped what had been a nearly ten-year run in the gold price, which peaked in September 2011 at US$1,923.70.
Despite this glum statistic, financing activity in the gold sector throughout 2016 has charged forward unabated after a four-year lull ended with a sudden jump in the gold price that made the TSX Venture the best performing index in the world in the first six months of the year………………………………….Full Article: Source


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