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To: Goose94 who wrote (11924)3/3/2015 9:14:53 AM
From: Goose94Read Replies (1) | Respond to of 203418
 
Growing Global Liquidity Is Positive For Gold

Market participants have been focused on U.S. monetary policy since Fed Chair Janet Yellen’s testified before congress last week. The next Federal Open Market Committee monetary policy statement will be released March 18; however, commodity analysts from HSBC are warning investors and traders to not ignore the current global easing trend as highlighted by China’s interest rate cut during the weekend. “Greater international liquidity – even if the Fed is tightening – is gold-friendly,” they say. According to some media reports a total of 17 central banks have loosened their monetary policy and some have even introduced negative interest rates.

By Neils Christensen