Tag: record high

(28 July 2020) Gold closed at a new all-time record high of $1944 today as the US dollar extended its precipitous decline.  Gold's recent rally is largely the consequence of the falling greenback as the Covid-19 pandemic has forced the Federal Reserve to engage in an unprecedented QE policy of asset purchases.  QE ("quantitative easing") is the more polite, 21st-century way of saying money-printing. In order to avoid a collapse, the Fed buys trillions of dollars of government and corporate debt in order to entice institutional investors (e,g, hedge...