Gold price up as Fed begins historic ETF purchase program
Gesara.news » News » Gold price up as Fed begins historic ETF purchase programNews Date: May 13, 2020
The US central bank (FED) began purchasing ETFs holding corporate bonds for the first time ever Tuesday as part of its pandemic rescue package.
Such injections into the economy have generally lifted investor demand for safe-haven assets like the precious metal as fears of inflation and currency debasement grow.
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Sources: 5dastrology.com, operationdisclosure1.blogspot.com