Gold Price $1900 Defies 'Taper Talk' as Glut of QE Money Threatens to Push Dollar Interest Rates Below Zero

Wednesday, 5/26/2021 14:13
GOLD PRICES rose for the 11th time in the last 15 sessions in London on Wednesday, moving up through $1911 per ounce as the US Federal Reserve's massive QE bond-buying program threatened to drive overnight interest rates on the Dollar below zero.
 
Asian stock markets edged higher but Europe fell after the value of US corporations slipped 0.2% yesterday on the S&P500 index following comments from several Federal Reserve policy-makers that the central bank is "talking about talking about" starting to reduce its monthly QE money creation and bond purchases, often known as 'tapering'.
 
Taper Talk was widely seen driving
the historic gold price crash of spring 2013, when the US Fed discussed starting to withdraw some its then-record monetary stimulus following the global financial crisis.

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