Gold Lower Before Trump Presidency – Strong Gains Akin To After Obama Inauguration
goldcore.com / By Mark O’Byrne / January 13, 2017
Gold prices have had a good start to 2017 and has made gains in the majority of currencies, building on the strong gains seen in 2016. So far in 2017, gold is 3.5% higher in dollars, 2.3% higher in euros and 4% higher in sterling.
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Increasing nerves regarding the Trump Presidency likely account for some of the gains. Although the fundamentals of the gold market remain strong even were Trump not becoming President of the United State of America.
A backdrop of financial repression and global currency debasement involving ultra loose monetary policies and near negative interest rates, a push for cashless society, a still massively indebted U.S. and global economy and still very fragile banking systems all bodes well for gold prices in the coming years – not too mention positive supply demand fundamental that is peak gold.
The post Gold Lower Before Trump Presidency – Strong Gains Akin To After Obama Inauguration appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/01/15/gold-lower-before-trump-presidency-strong-gains-akin-to-after-obama-inauguration/
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