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Gold, silver, and the Fed moving the goal posts – Kitco NEWS
Kitco News’ contributed commentary features articles and opinions from some of the top experts in the gold industry.
The Fed has now officially moved its price inflation goalpost. The new target is an average of 2%. Chair Powell explicitly says the Fed will let inflation run above 2% to make up for the time spent below 2%. This implies higher commodity prices, including gold and silver.
Given how long the US has seen low (official) inflation, the Fed’s low interest rate policy is likely to last a long timeeven in the face of much higher inflationwhich is extremely bullish for commodities.
There’s a lot I cou…
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