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Fed Stimulation Inadvertently Pushing Up Gold

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William Rhind joins Vonnie Quinn and Paul Sweeney on Bloomberg Radio to discuss the two-fold impacts of Fed action on gold prices. Foremost, the monetary stimulus is driving down the dollar while secondarily it is exerting upward pressure on inflation expectations. These dual impacts are leading gold prices higher, explains Rhind, in a fashion similar to the stock market albeit through a different mechanism.
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