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Gold Bulls Feast as More Central Banks Drive Rates Below Zero

  • Nearly a quarter of world economy experiencing negative rates
  • Deposit losses mean it's better to own solid currency: Faber
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Is the Gold Rush Slowing Down?

Gold bears for years fed off the prospects for higher borrowing costs. Now bulls are thriving in a world where negative rates are becoming commonplace.

The Bank of Japan adopted negative rates last month to spur growth, joining central banks in Denmark, the euro area, Sweden and Switzerland. With about a quarter of the world economy facing negative rates in some form and growth faltering, gold has become one of this year’s best investments.