[youtube https://youtu.be/v6NoCpwE_hQ expand=1] Top Stories This Week: Gold’s Path After Tapering News, Talking Uranium with Sprott
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The US Federal Reserve was in focus in the gold space this past week as investors waited for comments from its latest meeting, held from Tuesday (November 2) to Wednesday (November 3).
The Fed was anticipated to announce plans to ease its bond-buying program, and that is in fact what happened .The central bank is now buying US$120 billion worth of bonds a month, but said that in the coming weeks it will start cutting that amount by US$15 billion a month. If it keeps up that pace, bond buying would end in June 2022.Speaking directly after the news, Gareth Soloway of InTheMoneyStocks.com told me that this flexibility from the Fed is something the market loves because it indicates that it can still receive support if needed. He also shared his […]
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