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Tag: quantitative easing

Yellen A Yawn

Yellen A Yawn

Janet Yellen’s no-surprise testimony on Tuesday confirmed that the Fed’s in no hurry to raise rates. That should’ve been bullish for gold, but the metal sold off as Brexit fears eased. That spells opportunity from today’s levels.

3 Experts, 3 Opinions on Gold and QE

Gold Investing News asked Frank Holmes, Julian Phillips and Peter Schiff what happens to gold if the United States tapers quantitative easing. The experts also weigh in on how the new reality of $1,300 gold is likely to impact the major producers and junior gold explorers.

Survey: Will the Gold Price Hit $5,000?

Peter Schiff, president and CEO of investment firm Euro Pacific Capital, recently predicted that the gold price will reach $5,000 per ounce. That’s hundreds of dollars away from its 2011 high point of about $1,900. Let us know if you agree in this survey.

Silver Price Flounders as US Dollar Nears 11-year High reported that silver is under “heavy downward pressure” on the back of the US dollar’s rise to a near 11-year high. The dollar’s increase came on the back of expectations for strong employment data out of the US, plus anticipation of a US interest rate hike.

Rob McEwen: $5,000 Gold a Possibility?

McEwen Mining’s largest shareholder has long been a proponent of gold, and remains so even in today’s tough times. Indeed, he told investors at a luncheon held Wednesday at PDAC that he continues “to believe we’re going to see higher prices in gold.”

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