The US M1 money supply, which includes physical currency and coin, demand deposits, travelers’ checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts, has risen by a staggering 70% over the past 12 months, according to data tweeted by Jeroen Blokland, Portfolio Manager for the Robeco Multi-Asset funds. The Federal Reserve has injected massive liquidity into the economy to counter the coronavirus-induced economic slowdown. The massive liquidity injections have strengthened gold’s long-term bull case. The scarce asset rose to a record high of $2,075 in August and was last seen changing hands near $1,847 per ounce. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/IDR Price News: Indonesian rupiah off three-week lows despite poor Retail Sales FX Street 11 months The US M1 money supply, which includes physical currency and coin, demand deposits, travelers' checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts, has risen by a staggering 70% over the past 12 months, according to data tweeted by Jeroen Blokland, Portfolio Manager for the Robeco Multi-Asset funds. The Federal Reserve has injected massive liquidity into the economy to counter the coronavirus-induced economic slowdown. The massive liquidity injections have strengthened gold's long-term bull case. The scarce asset rose to a record high of $2,075 in August and was last seen changing hands near $1,847 per ounce. Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
