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Gold Surges On NIRP Hint

The Fed's ultimate dove has been unleashed and this time he means business. Faced with the inevitable rate hike, Kocherlakota has come out swinging to explain how cataclysmic inflation is and why The Fed should use its asset-purchase tools and lower interest rates further... i.e. to negative... Gold reacted instantly...

  • *KOCHERLAKOTA SAYS FED HAS ASSET-PURCHASE TOOLS
    *KOCHERLAKOTA: THERE ARE WAYS TO LOWER INTEREST RATES FURTHER

 

And sure enough gold surges...