Gold Prices Struggle to Stay Near $1,700 | By Mike Obel

The new streamlined credit line will “probably act as another form of quantitative easing, as the recipient countries would rather address liquidity, instead of the underlying fundamental problem — solvency,” said Alexander Mirtchev, head of Krull Corp. and president of the Royal United Services Institute for Defence and Security Studies International. “By its very nature, the credit line engenders inflationary and other global economic security pressures. It will hardly be the decisive factor, but would contribute to the rise of the price of gold.”

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