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Alias Born | 03/02/2013 |
Wednesday, August 19, 2020 9:31:31 PM
$ 0.135-0.005 | -3.57%Bid: 0.135 x 46500 Ask: 0.14 x 61000 Volume: 1,041,921
https://kerrmines.com/
https://www.kitco.com/news/2020-08-19/Gold-market-drops-3-but-long-term-bullish-narrative-still-in-place.html
"... The gold market clearly wants to see yield curve control,” said Adam Button, chief currency strategist at Forexlive.com. “I think this selling is a little over done but clearly the markets have a gun to the Fed ’s head. They don ’t want to hear anything but printing presses.”
Although gold has dropped sharply Wednesday, Button added that he doesn ’t think the minutes are a game changer for the precious metals market. He added that time and time again the Federal Reserve has shown it will do whatever it takes to support the U.S. economy.
Button also said that the drop in gold could create another buying opportunity for investors waiting on the sidelines...."
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