Gold 'Under-Priced' as Biden's Borrowing Binge Spurs Taper Talk But Covid Crisis 'May Need Negative Rates'
Tuesday, 1/12/2021 14:54 GOLD PRICES fell back again in London trade Tuesday, retreating $20 from a rally to $1863 per ounce before steadying as Western stock markets fell once more against a backdrop of worsening Covid infection and death rates, supply-chain issues with mass vaccinations, but also a rise in longer-term interest rates in the bond market ahead of the "trillions" in new borrowing due from incoming US President Joe Biden's spending plans. Crude oil rose to new 10-month highs above $56 per barrel of European benchmark Brent and copper near...
Source: bullionvault.com