The impact of QE on gold prices?

The Federal Reserve announced that it will reduce the size of the final bond purchase 15 billion US dollars and end QE3 from November. Judging from a series of data released so far, the US economy is in good condition, and the US dollar still has a strong foundation in the future. Gold will continue to be under pressure and the future trend will be weak.

How to Make Money in Gold Speculation Expert Free Guidance to Banks Gold and Silver TDaccount openingFor the relationship between QE and the trend of spot gold prices, the market's intuitive reaction is that quantitative easing is a devaluation of the currency, so it is good for the price of gold. Regarding the recent corrective rise in gold prices, Bank of America Merrill Lynch pointed out that once the recent corrective rise is completed, the price of gold may resume its decline.

With the recent decline in international gold prices, many central banks have also ushered in the opportunity to buy bargains. According to data released by the international monetary fund (IMF), Russia increased its gold reserves by 37 tons in September, holding a total of 1,149 tons of gold, an increase for the sixth consecutive month; Azerbaijan increased its holdings by 4 tons in September, with a total holdings of 27 tons, an increase for the second consecutive month. At the same time, Kazakhstan increased its holdings of gold by 2.1 tons to 184 tons, and Turkey increased its holdings by 12 tons to 532 tons.