Who Controls the Gold Price?

6:30 AM

First published by Money Metals here: https://www.moneymetals.com/news/2017/04/28/who-controls-gold-price-001058

here’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold. I have even heard that some analysts believe the Fed could push the gold price any where they saw fit…. even to zero. While I agree that the Central Banks do play a role in gold market intervention, they most certainly CANNOT push the price of gold anywhere they want. This is an absolute falsity…. and I have the data to prove it.

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