Select Page

In yet more good news for gold prices, the European Central Bank has confirmed that it will continue to pump out stimulus funds in order to prop up economies gutted by the COVID-19 pandemic. This, along with soaring inflation, gives gold further additional momentum and adds additional strength to the precious metal.

The bank’s president, Christine Lagarde even suggested that the rate of stimulus may accelerate. Speaking following an ECB policy meeting yesterday (Thursday) she said that emergency purchases over the next quarter will be made “at a significantly higher pace” than what has been seen in the first part of this year.

Reaffirming that the policy would be retained until at least March 2022, she added “We are far away from our ultimate aim. We are certainly not where we would like to be once the pandemic is over.”

Many economic observers suggest that the ECB will continue its stimulus measures while the US Federal Reserve maintains its own stimulus programs.

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge