In June, the Fed hiked thefor the seventh time in this tightening cycle. A lot of people worry that the Fed’s unwind of its combined with the higher and the stronger will bring the next catastrophe to the world. Italian yields have already spiked, while Argentina and Turkey face economic crises.
In this edition of the, we will dig into this topic. We will examine in detail the recent decisions undertaken by the and the , the two systematically important central banks. After the ECB decision to stop its bond-purchase program in December 2018, there will be no on both sides of the pond. We will analyze what it means for the gold market. Given the fears that the will cause the next crisis, we will examine this hypothesis in the context of the gold market, focusing on the emerging countries, which are especially sensitive to changes in the Fed’s stance.
Last but not least, we will go for another trip to Italy, to reflect on the possible implications of the Italian turmoil on theand the gold market. And we will try to establish whether the next crisis in the Eurozone is coming.