{"id":55051,"date":"2020-09-16T07:24:26","date_gmt":"2020-09-16T12:24:26","guid":{"rendered":"https:\/\/olduvai.ca\/?p=55051"},"modified":"2020-09-16T07:24:40","modified_gmt":"2020-09-16T12:24:40","slug":"55051","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=55051","title":{"rendered":"A Powerful Ally to the Fed Just Boosted the Prospects for Inflation"},"content":{"rendered":"<section class=\"article_info article_section with_icon\">\n<div class=\"blog-head-line clearfix\">\n<div class=\"post-title-holder\">\n<h1 class=\"entry-title\"><a href=\"https:\/\/www.birchgold.com\/news\/powerful-ally-to-fed-boosted-prospects-for-inflation\/\">A Powerful Ally to the Fed Just Boosted the Prospects for Inflation<\/a><\/h1>\n<\/div>\n<\/div>\n<\/section>\n<div class=\"article_content clearfix entry-content\">\n<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17847 size-full lazyloaded\" src=\"https:\/\/www.birchgold.com\/wp-content\/uploads\/inflation-gold-silver-7-20-20-3.png\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" srcset=\"https:\/\/www.birchgold.com\/wp-content\/uploads\/inflation-gold-silver-7-20-20-3.png 600w, https:\/\/www.birchgold.com\/wp-content\/uploads\/inflation-gold-silver-7-20-20-3-250x188.png 250w, https:\/\/www.birchgold.com\/wp-content\/uploads\/inflation-gold-silver-7-20-20-3-120x90.png 120w\" alt=\"Inflation Calculator\" width=\"600\" height=\"450\" data-ll-status=\"loaded\" \/><\/p>\n<p>This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: ECB could follow the Fed\u2019s pro-inflation policy, precious metals in a pandemic, and legendary silver coin to be sold for more than $10 million at an auction.<\/p>\n<p><strong>Gold could move up further as the ECB looks to keep the euro down<\/strong><\/p>\n<p>If one believes that central bank policies are a primary driver of gold prices, the yellow metal should have plenty of room to go up even as it sits above its previous all-time high. Besides the\u00a0<a href=\"https:\/\/www.birchgold.com\/news\/fed-announced-shift-on-inflation-policy\/\">Federal Reserve\u2019s<\/a>\u00a0openness to inflation, gold should be buoyed by a surge of the euro and the European Central Bank\u2019s (ECB)\u00a0<a href=\"https:\/\/www.ccn.com\/ecb-fed-inflation-gold-rally\/\" target=\"_blank\" rel=\"noopener noreferrer\">efforts to contain it<\/a>.<\/p>\n<p>Experts like Mechanical Engineering Industry Association\u2019s chief economist Ralph Wiechers and Natixis strategist Dirk Schumacher note that an overly strong euro poses problems for the eurozone. It hinders both exporters and importers, slows the European economy, and can cause inflationary spikes in individual countries.<\/p>\n<p>While the ECB might not be able to control the euro as easily, Schumacher\u2019s firm expects them to try and push it down by introducing looser monetary policies. BNP Paribas\u2019 analysts share a similar view, stating in a recent note that the ECB would also voice its desire to keep the euro lower. This was exemplified when former ECB vice president Vitor Constancio stated in an interview that the ECB would follow in the Fed\u2019s wake by allowing inflation to run above the targeted rate for periods of time.<\/p>\n<p>Strong currencies are among the biggest headwinds for gold prices, and inflation is one of its most powerful drivers. Given recent statements by officials from both central banks, it should come as no surprise that prominent investor\u00a0<a href=\"https:\/\/www.birchgold.com\/news\/peter-schiff-compares-trade-war-to-battle-at-little-bighorn\/\">Peter Schiff<\/a>\u00a0points to inflation as the next big thing that will power gold\u2019s gains.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Powerful Ally to the Fed Just Boosted the Prospects for Inflation This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: ECB could follow the Fed\u2019s pro-inflation policy, precious metals in a pandemic, and legendary silver coin to be sold for more than $10 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18769,233,282,303,374,426,3650],"class_list":["post-55051","post","type-post","status-publish","format-standard","hentry","category-economics","tag-birch-gold-group","tag-ecb","tag-european-central-bank","tag-fed","tag-gold","tag-inflation","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55051"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55051\/revisions"}],"predecessor-version":[{"id":55053,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55051\/revisions\/55053"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}