The Federal Reserve confirmed on Wednesday its plan to rescind its quantitative easing efforts at the end of October. This hallmark event was widely expected, despite the need for further zero interest rate policy to manage inflation expectations and economic stability.
Shortly after this release, the precious metals' markets began waving the white flag as gold and related mining stocks fell precipitously. The SPDR Gold Trust (ETF) (NYSE: GLD) tracks the daily percentage change in the spot price of gold bullion and was down 1.45 percent on Wednesday.
GLD is now in danger of once again sliding to 2014 lows after making a rally attempt earlier in the month. This widely followed, yellow metal ...
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