The Gold Report: James, the Bank of England (BOE), the European Central Bank (ECB) and the People’s Bank of China have made moves to boost flagging economies. The BOE added £50 million to its quantitative easing program. The ECB reduced its key lending rate to a record low of 0.75%. China cut its key lending rate for the second time in a month to prevent a further slump in manufacturing and a fall in property values. What effect will these moves have on the gold price through year-end?
James Passin: It’s clear that loosening monetary conditions will stimulate commodity prices generally and will … [visit site to read more]