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Other writers point to the buying of gold by central banks as a key driver of the rising gold price. Dave Kranzler suggests that rising gold prices are being driven by expandin US money supply, something that the Federal Reserve enables even while they point to high interest rates to keep inflation in check.
Fed Stealth QE Is Driving Gold’s All-Time High Price Run | Investment Research Dynamics
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts
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