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RE:will this push gold to $1800 an oz

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BMO: Fed dovishness 'should be supportive of gold'

highper wrote:

Fed Will Purchase "Approximately" $80BN In Treasurys Per Month, $40BN In MBS

by Tyler Durden

Wed, 06/10/2020 - 14:14TwitterFacebookRedditEma

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With traders curious if the Fed will leave open-ended QE or will formalize asset purchases to a specific monthly amount, the Fed left it somewhat open-ended, with the Fed statement saying "the Federal Reserve will increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities at least at the current pace to sustain smooth market functioning", however in a separate Operating Policy note from the NY Fed, we read that:

• the Desk plans to continue to increase SOMA holdings of Treasury securities at the current pace, which is the equivalent of approximately $80 billion per month

and:

• the Desk plans to continue to increase SOMA holdings of agency MBS at the current pace, which is the equivalent of approximately $40 billion per month

https://www.zerohedge.com/markets/fed-will-purchase-approximately-80bn-treasurys-month-40bn-mbs?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29