A comment via TD on gold, not breaking any new ground but a useful bit of brief recap.
- Fed confirmed they are going to be accommodative for as long as they need to
- Anything that talks about zero-bound is helpful. At the same time, if you think that inflation's a target and you still say zero because you're going to be operating at below potential, then I think that's beneficial for gold.
Yep - easy policy is loved by the yellow rock (ok, metal … ;- ) )
(TD comments via Bloomberg)
