NEW YORK, April 28, 2021 /PRNewswire/ — Among the many variables impacting the price of gold are interest rates. In order to reduce the pandemic’s impact on the economy, various economic measures have had to be implemented, including near-zero interest rates and economic stimuli for business and individuals. And now, the Federal Reserve’s policy-setting arm isn’t expected to be changing interest rates or formally updating its economic forecasts when it concludes its two-day meeting Wednesday. Nonetheless, the U.S economy is witnessing a period of inflation. According to a report by Kitco, Jon Deane, the CEO of Trovio, explained that “we are already seeing inflation. If you look around the world, you see real estate prices, building supplies, and services skyrocket,” he said. “What we created since the early 1990s is an entire financial infrastructure that is relying on debt, and we have accelerated that dramatically in our response to managing the COVID-19 crisis. In that regard, we will continue to increase the money supply globally, and we will continue to have a quite aggressive fiscal policy. We are sitting on an economic cliff.” Exploits Discovery Corp. (CSE: NFLD) (OTC: NFLDF), IAMGOLD Corporation (NYSE: IAG), NovaGold Resources Inc. (NYSE: NG), DRDGOLD Limited (NYSE: DRD), Fortuna Silver Mines Inc. (NYSE: FSM).
Analysts at Metals Focus recently looked at the impact geopolitical instability has on gold. “While several geopolitical events have the potential to…
