Why has an ounce of gold leveled off at just $900?? With the Federal Reserve printing whatever notes it wants, it should still be sky rocketing.
by 
jenksm616
ANSWERS: 1
-
The amount of money the Federal Reserve prints has nothing to do with the price of gold though since the US is not on the gold standard. The price of gold has leveled off because the market is in a bit of a holding pattern while people wait to see if we go into recession or if things start to turn around. If the market takes another downturn, the price of gold will go back up over $1000.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC