The gold market was hit yesterday both by the prospect of an early end to the Fed’s quantitative easing and by speculation that Cyprus could be the first of the troubled euro-zone countries to sell official reserves to ease their financial problems. The former is a more serious threat, but neither development would necessarily be as negative for the price of gold as the headlines might suggest.
In view of the wider interest, we are also sending this Commodities Update to clients of our Global service. If you would like to know more about our Commodities service, please contact Michael Wilson in North America (+1 416 413 0428, michael.wilson@capitaleconomics.com), James Hayes in Europe (+44 (0)20 7808 4981, james.hayes@capitaleconomics.com)or Tony Goldberg in Asia (+65 6595 5190, tony.goldberg@capitaleconomics.com).
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services