2024-03-23 01:40:00 ET
Summary
- The Bank of Japan’s historic move to end the country’s negative interest rate policy after nearly two decades triggered a jolt upward to new all-time highs for gold against the yen.
- The BoJ announced it will now hold short-term rates at a still-accommodative 0% to 0.1% and is getting rid of its yield curve control program and ETF purchases.
- If the Japanese consumer sees prices rise too much from increased borrowing and spending, the relative strength of gold is likely to continue increasing.
By SchiffGold
The Bank of Japan's historic move to end the country's negative interest rate policy after nearly two decades triggered a jolt upward to new all-time highs for gold against the yen. But what are the implications for gold in the medium and longer term? The answer is far from simple....
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The End Of Japan's Negative Interest Rates: What It Means For Gold