Federal Reserve intervention in repo market a step towards more QE
“The Federal Reserve Bank of New York has a well-earned reputation for fighting fires in financial markets, particularly in the arcane and crucial realm of short-term funding for banks and investors.”
USAGOLD note: We mentioned the possibility of a new round of QE in yesterday’s DMR. Here is a more detailed look on how and why that could happen.
|Update 4/7/20: We continue to monitor the pricing discrepancies between New York Comex and FOREX spot price, which vary day to day. As of this posting, the spot price in the menu bar above reflects the price at which we can hedge and therefore the price upon which we base pricing for our coin and bullion products. OOD is now open again for orders. We are also taking orders by telephone. FOREX spot pricing is posted in our sidebar and on the Live Gold Price Today page.|
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