Gold Boom On Fed’s “No Tapper”

The price of gold has increased by more than 2.5 percent so far today after the Federal Reserve announced that it would not change the current structure of its bond buying program. The central bank had been expected to taper the quantitative easing program today. The bank refused to taper on the grounds that the labor market was not yet strong enough to justify a move.

Anticipation of the Federal Reserve announcement had investors lining up on either side of many assets . . .


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