Gold, News & Features, Resource News
Gold investors putting their eggs in the QE basket
By Mineweb · July 4, 2012 · 11:10 pm · Leave a Comment
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By Geoff Candy
When the US launched its first quantitative easing programme at the end of 2008, it is fair to say the world was in a fairly parlous state and in the four months following that significant liquidity injection gold rose around 36%.
When QE2 was announced gold rose again but, by not nearly as much. As ETF Securities points out in a new note, by the end of the second round of QE the gold price rose by 11% to US$1,500oz.
