An academic study published in 1996 shows evidence that the Federal Reserve was influencing the price of gold over the observed period. The Fed used one of its main interest rate tools, the federal funds rate, to stabilize both the gold price and consumer price inflation.
The ones that think gold hasn't played a significant role in economics in the past decades might want to reconsider their assumption. Until this day gold has been pivotal in international economics - although since 1971 different phases can be identified. In today's article, we will focus on the