Gold Review 2014: Year of the Central Bank
2014 was a relatively stable year in the gold market with the price fluctuating between £718 and £819 per ounce.
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The Fed finally tapered their QE program in October and despite the economy apparently stabilising they kept interest rates at near zero. Low rates gave governments freedom to increase their debt. In 2014 U.S government debt surpassed $18 trillion and the UK reached £1.46 trillion or £40,493 per tax payer.
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As soon as the Fed ...