Central banks do gold another favor
“Another headline which encouraged investors to buy gold was the news that the Bank of Japan (BoJ) is considering additional easing of its monetary policy. Gold demand was in evidence after this statement as many traders regarded this as a sign that global weakness is a serious enough threat to warrant central bank stimulus.”
USAGOLD note: Droke’s latest ties into the post immediately below. Gold has finished higher for six straight days. On most of those days, the uptrend began during Asian trading hours and carried over to European and U.S. trading. As indicated in the post below, most Asian countries are experiencing disinflation. Droke makes some good points about gold in this respect at the link above.
Repost from 2-20-2019