Gold ETFs Vault 3% on Fed Easing Speculation | Page 2 of 2 | ETF Trends

Evans told CNBC the Fed needs to be more aggressive in its easing policies, adding the central bank’s stimulus to aid the economy hasn’t been responsible for higher commodity prices.

“Strong accommodation needs to be in place for a substantial period of time. If we could sort of make everybody understand that this is going to be in place for a longer period of time, we could knock out some of that restraint that comes about when people talk about premature tightening,” Evans said, according to a CNBC.com report.

“We would have been so much worse if we had not had the accommodation that has been in place, the additional accommodation that came with QE2,” he said.

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Full disclosure: Tom Lydon’s clients own GLD.