A QTR’s Fringe Finance opinion piece says an aggressive Federal Reserve easing response could put gold in a $7,500-$10,000-an-ounce range after a severe crash prompts investors to sell assets for cash.
In its Oct. 23 post, QTR’s Fringe Finance linked a fall to $3,000-$3,500 an ounce to a severe crash that drives investors to sell assets for cash; its $7,500-$10,000 range depends on aggressive Fed easing. The piece gives no timing for either move.
The lower range depends on the hypothetical crash and cash-raising sales; the higher one depends on a separate assumption about the Fed’s response. The post points to no official Fed forecast or policy announcement in support of the easing assumption. QTR’s Fringe Finance wrote that it was more interested in “the response to the liquidation.”
For nearer-term rate signals, Reuters reported investors were watching the Fed’s Oct. 27-28 meeting and the following week’s PCE report.
