GLDI - Is A Weak Yen Feeding The Global Gold Bull?
2024-02-23 02:49:00 ET
Summary
- The golden bull has undoubtedly been fueled by an unstable US election year, inflation worries, expectations of rate cuts later in 2024, and wars in Ukraine and, more recently, the Middle East.
- With Japan’s economy addicted to such low interest rates, and few central bank policy tools to meaningfully fix the problem, it’s far from certain that what the BoJ does can possibly be enough to save Yen from continuing its slow-motion collapse.
- With the Fed recognizing it has backed itself into a corner with its policies, it is now considering tightening in some ways and loosening in others.
By SchiffGold ...
Is A Weak Yen Feeding The Global Gold Bull?