11.11.2016 - Trump's Spending & Inflation 'Look Positive' for Gold Price, But 2011 Downtrend Holds
Gold price gains of 4.5% overnight Tuesday were all erased by the close of London trade yesterday, with a $20 rebound then fading on Thursday as world stock markets extended their rally following Donald Trump's surprise victory in the US presidential election. Japan's Topix index closed 5.8% higher, reversing the previous day's losses, and Eurozone equities rose another 0.5% as the start of Thursday's US trading approached. Major government bond prices, in contrast, continued to fall amid analyst talk of Trump's infrastructure and spending plans – as well as inflation – driving 10-year US bond yields above 2.00% for the first time since January.........................................Full Article: Source
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