Gold Bullion Erases Post- Election Fall as Trump Wrong on Dollar – Daily Prophet
Robert Burgess of Bloomberg Prophets
Although the greenback immediately dropped before stabilizing Thursday, that’s only part of the story. In fact, it has been falling all year as traders lose confidence in Trump’s ability to push his pro-business, pro-growth policies through Congress. Judging by the Federal Reserve’s U.S. Trade Weighted Real Broad Dollar Index, the currency is weaker now than at the end of November, the month of Trump’s election victory. Other markets are sending similar signals. Stocks are rolling over and yields on Treasuries suggest optimism for stronger economic growth is quickly fading.
BULLISH ON GOLD
Gold is Taking Flight, November 2016 - April 2017
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