The Fed has kept interest rates stuck near zero for the last seven years, so there’s little wonder investors and savers feel like “perma-zero” is the new paradigm.
Despair and ennui have settled in.
Today we’re looking at how behavior leading up to and right after the Sept. 17 Fed decision has shaped our new silver price forecast.
Interest rates are an important factor in the gold price forecast, so it’s a good time to get an update on the yellow metal since the Sept. 17 Fed meeting pushed a rate hike down the road.
Fed Chairwoman Janet Yellen has been hinting for close to a year now that the Fed will finally raise rates. Everyone is afraid that will mean tanking gold prices.
With the crunch on, cash suddenly became extremely valuable. That was duly noted by central banks the world over.