Giovanni Staunovo, commodity analyst at UBS, said rising debt levels globally, coupled with sustained weakness in the dollar, underpinned gold’s surge last year — and now those concerns are returning.
UBS=去年の金価格高騰をまねいた世界的な債務拡大、ドル安が今、こうした懸念が復活している。12ヵ月で5,400ドル予想。
ディベースメント・トレードが復活するのか、勝負所ですな。
>Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
https://t.co/NmI1jU3jtP
Treasury just announced that it will buy more long-term Treasuries private investors no longer want to hold to try to keep yields from rising. The money to pay for it will ultimately be created by the Fed, sending inflation soaring. That's why gold is already up $125 on the news!