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Gold Prices Hit Six-Week High After Trump Press Conference

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Gold Prices Hit Six-Week High After Trump Press Conference

Gold Prices Hit Six-Week High After Trump Press Conference*/

– Talking Points:Gold prices set new 6-week high after Trump press conferenceCrude oil prices find de-facto strength as the US Dollar dropsEven hawkish Fed-speak may fail to break overnight dynamicsGold prices continued to rise and crude oilprices followed as a press conference with Donald Trump poured cold water on Fed rate hike speculation.The US President-elect did not offer much to markets yearning for details about his on-coming economic policy plans, which have been speculated to boost inflation and force Janet Yellen and company in to a steeper tightening cycle.Treasury bond yields fell alongside the US Dollar, boosting the appeal of anti-fiat and non-interest-bearing assets including gold.
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Gold Prices -1% from 6-Week High as Dollar Jumps, UK Trade Deficit Yawns, Trump Denies Russia Scandal

Gold Prices -1% from 6-Week High as Dollar Jumps, UK Trade Deficit Yawns, Trump Denies Russia Scandal*/


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ETF Investors Turn Defensive, Bid Up Bonds And Gold A Day After Trump

ETF Investors Turn Defensive, Bid Up Bonds And Gold A Day After Trump*/

– Exchange traded funds tracking major stock indexes were lower Thursday as investors parsed through remarks from Donald Trump in his first news conference since being elected president.SPDR S&P 500 (SPY) jabbed 0.7% lower on the stock market today in early trading.This ETF, a proxy for the broad U.S. market, has rallied 7% since Nov. 8 through Wednesday.
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