Quantitative Easing Drives Gold Price Upwards (Updated) | Chart of the Week
Quantitative easing (QE) is a monetary policy tool used by central banks to stimulate economic activity by injecting money into the economy. This is typically done through the purchase of government bonds or other financial assets. The aim is to increase the money supply, lower interest rates, and encourage borrowing and investment.
The relationship between quantitative easing and the price of gold is complex and can be influenced by various factors.
Source: fred.st.louisfed.org; Ycharts; BMG Group Inc.