Physical Gold Responds to Further Expected US Monetary Stimulus

(PRWEB UK) 30 January 2013

The US Federal Reserve is expected to announce further monetary stimulus on Wednesday evening, and confirm it will keep $ 85 billion in monthly bond buying until unemployment rates drop considerably.

Spot gold was hovering around $ 1,662 an ounce on Wednesday morning, but is expected to rise.

While the US economy seems to be making some recovery, global inflation outlook is firming due to ultra-loose monetary policies being adopted by central banks in key economies. This is expected to benefit gold investment as an inflation hedge.

A spokesperson from Physical Gold said:

Gold is a favourable commodity to hedge against inflation as it largely retains its value compared to paper currencies during times of inflation. Monetary policies by central banks supported the price of gold last year, and saw it reach impressive highs. If further monetary policies are introduced this evening, it should support gold strongly.

Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.

Tags: , , , , , ,

Comments are closed.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]