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Can gold prices retain their shine as central banks tighten strings?

From orbex.com

Gold prices enjoyed a stellar rally in the immediate aftermath of the 2008 global financial crisis. As the markets across the world plunged, investors sought the safety in gold, often dubbed as a safe haven asset. Gold prices rose to highs of $1920 by late 2011 and have, since then, been easing back. The gains came as central banks made an effort to revive their respective economies. Interest rates were cut to zero and in many cases, interest rates were negative. Central banks also embarked on launching monetary stimulus policies, known as quantitative easing (QE), in order to boost the economy. Since the peak in ... (full story)

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  • Category: Fundamental Analysis