As Dow Futures Soar, Here is an Important Update on the Gold & Silver Markets

from King World News

As Dow futures soar, here is an important update on the gold and silver markets.

Gold & Silver

April 17 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Gold has rallied strongly following the dash-for-cash sell off last month. The latest move above $1700/oz, to a seven-year high, was driven by the US Federal Reserve’s pre-Easter announcement of another $2.3 trillion bailout. The latest program designed to keep capital flowing amid the COVID-19 pandemic together with the already announced yield curve control will continue to support lower real yields, currently at -0.56%. Especially if the result of all the current central bank initiatives eventually begin to translate into higher inflation.

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