International Gold Prices After the U.S. Election
Release time:
2016-09-30
Source:
China Gold Net, 2016/09/26
Yellen once again failed to bring the rate, which is at a historic low, back up. 0.25 Interest rates rise. Gold prices increase. 1.5 %, silver surges sharply higher 3.1 %. The Federal Reserve is maintaining an ultra-loose monetary policy, once again creating bubbles in the stock and bond markets in the U.S. and other countries.
Will Federal Reserve Chair Yellen implement quantitative easing again?
The Federal Reserve’s continued zero-interest-rate policy has kept global stock markets and commodity prices rising, aligning its stance with those of the Bank of Japan, the Bank of England, and the European Central Bank—policies that are even more accommodative. The Bank of Japan has maintained its interest rate at a negative level. 0.1 An ultra-loose monetary policy, and indicated that it will temporarily continue purchasing government bonds at the current pace.
After the Federal Reserve indicated it would keep interest rates at record lows, spot gold prices reached a two-week high of per ounce. 1,336.8 Dollar. Silver rises to 19.86 The U.S. dollar, along with gold and silver prices, continued to consolidate their gains during the Asian and European trading sessions.
The euro-denominated gold price has risen to... 1,194 Euro / The gold price in ounces and pounds is 1,024 Pound sterling / Ounce.
The Federal Reserve once again indicated that it will continue its zero-interest-rate policy. It also reiterated that by the end of this year, it may... 0.25 % interest rate hike to 0.5 % - But this is contingent on improvements in the labor market.
Yellen found herself compelled to defend the Federal Reserve against claims that Donald Trump was influencing monetary policy, as well as political pressure and bias. - This could benefit the Democratic Party's new leader.
The Bank of Japan has lowered its target for annual increases in the monetary base to as much as... 80 Trillion yen ( 7880 a target of hundreds of millions of U.S. dollars. Analysts say its aggressive asset-purchase policy has become unsustainable because it has failed to achieve the expected results.
Years of massive money printing have utterly failed to pull the economy out of decades-long stagnation. In fact, it can now be argued that the Federal Reserve, the Bank of England, and the European Central Bank’s large-scale quantitative easing programs have not succeeded in driving robust and sustainable growth in major economies.
Employment growth in the eurozone has been faster than expected, but a study released yesterday by the European Central Bank suggests that this trend could persist—at the cost of reduced efficiency and slower potential long-term economic growth.
Since 2008 Since the financial crisis of the year, the Federal Reserve has created more than 4.3 Millions of dollars in currency to bail out banks and attempt to stimulate economic growth. Despite the Federal Reserve's... 2014 The bank has ended its bond-buying program, and its balance sheet is now in poor shape. However, it may not be able to sell the bonds it has purchased, as it fears interest rates could rise again.
The U.S. economic recovery is weak, and the likelihood of an economic recession is high. The massive debt burden at all levels of U.S. society—and indeed, of Western societies in general—makes any meaningful recovery extremely unlikely.
The United States and many Western countries are now dangerously addicted to cheap money and allowing the U.S. dollar—and all fiat currencies—to depreciate. Yellen will continue to pump out cheap liquidity, much of which is flowing into Wall Street, fueling an ever-growing bubble in global stock and bond markets.