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The Fed announced Wednesday prepares to begin tapering its asset purchase program later in November, with a $10 trillion reduction in Treasurys and $5 billion decrease of mortgage-backed safety and securities.
Gary Wagner, editor of TheGoldForecast.com, reviews with David Lin, support for Kitco Information, the effect this decision will carry the gold rate.
Adhere To David Lin on Twitter: @davidlin_TV ()
Comply With Kitco News on Twitter: @KitcoNewsNOW ()
Comply With Gary Wagner on Twitter: @garyswagner ()
0:00 – Monetary plan
7:10 – Taper tantrum?
11:50 – Gold rate outlook
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Fed begins tapering this month; Will gold price finally break out? Gary Wagner
The Fed announced Wednesday plans to begin tapering its asset purchase program later in November, with a $10 trillion reduction in Treasurys and $5 billion reduction of mortgage-backed securities.
Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the impact this decision will have on the gold price.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Gary Wagner on Twitter: @garyswagner (https://twitter.com/garyswagner)
0:00 - Monetary policy
7:10 - Taper tantrum?
11:50 - Gold price outlook
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.