Financial Times/Martin Arnold/6-5-2022
“The European Central Bank is this week set to strengthen its commitment to prop up vulnerable eurozone countries’ debt markets if they are hit by a sell-off, as policymakers prepare to raise rates for the first time in more than a decade. The bulk of the 25 governing council members are expected to support a proposal to create a new bond-buying programme …”
USAGOLD note: So –– while the Fed drops its bond-buying program, the ECB extends its…… Both scenarios offer an inducement to buy gold for hedging purposes.
