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Budget Deal Boosts Gold

Gold is on the rise today, up more than three percent as of this writing, as investors anticipate that yesterday‚??s budget deal will delay stimulus tapering from the Federal Reserve.

Budget Deal Boosts Gold (CNBC)

Gold is on the rise today, up more than three percent as of this writing, as investors anticipate that yesterday‚??s budget deal will delay stimulus tapering from the Federal Reserve. “The U.S. debt deal is seen (as) positive for gold by market participants, for good reason, since the whole mess is just being postponed by 3-4 months, which makes a reduction of Fed asset purchases rather unlikely for the time being,” Commerzbank analyst Carsten Fritsch said.

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archive

Budget Deal Boosts Gold

Budget Deal Boosts Gold (CNBC)

Gold is on the rise today, up more than three percent as of this writing, as investors anticipate that yesterday‚Äôs budget deal will delay stimulus tapering from the Federal Reserve. “The U.S. debt deal is seen (as) positive for gold by market participants, for good reason, since the whole mess is just being postponed by 3-4 months, which makes a reduction of Fed asset purchases rather unlikely for the time being,” Commerzbank analyst Carsten Fritsch said.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Today a Milkshake, Tomorrow A Brick: Corporate-Backed Political Violence Is Here.

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Buzzfeed Bashes 14-Yr-Old Trump Fan, Celebrates Kids in Drag.

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Al Jazeera: ‘Jews Exploit Holocaust’.

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‘Reaganesque’: Economist Tells CNBC Trump Could Shift Global Order In China Trade War

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