How the BoJ and Fed Made Gold the Obvious Choice - discoveryalert.com.au
How the BoJ and Fed Made Gold the Obvious Choice - discoveryalert.com.au
Source: discoveryalert.com.au
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DW NOTE
The Fed holds rates at 3.75% while headline inflation runs at 3.53% and producer prices at 5.51%. The BOJ spent ¥6.2 trillion last quarter defending its yield cap. Both central banks are now net destroyers of purchasing power while gold sits 19% below its January high — hardly a crowded trade.