The gold market was hit yesterday both by the prospect of an early end to the Fed’s quantitative easing and by speculation that Cyprus could be the first of the troubled euro-zone countries to sell official reserves to ease their financial problems. The former is a more serious threat, but neither development would necessarily be as negative for the price of gold as the headlines might suggest.
In view of the wider interest, we are also sending this Commodities Update to clients of our Global service. If you would like to know more about our Commodities service, please contact Michael Wilson in North America (+1 416 413 0428, michael.wilson@capitaleconomics.com), James Hayes in Europe (+44 (0)20 7808 4981, james.hayes@capitaleconomics.com)or Tony Goldberg in Asia (+65 6595 5190, tony.goldberg@capitaleconomics.com).
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.