What Does the FED Decision Mean?


On Wednesday the FED announced that it will release a new round of Quantitative Easing purchasing 600 billion Dollar worth of the U.S Treasuries over the next two quarters. That is 75 billion a month which is pretty much what was expected. The price of gold has been very volatile over the last few weeks as everyone has been waiting for the FED announcement. Now as that is out of the way and the program wasn’t considerably larger or smaller than expected, gold can continue to increase its value.

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