14.11.2016 - Where Did That Gold Rally Go?
Last week at this time, most analysts expected that gold could rally to $1,400 an ounce on a surprise Trump victory. And, in the wee hours of Tuesday evening as it became apparent Trump was leading, gold delivered, jumping over 5%.Sign up Kitco Newsletter But…..that was Tuesday. Since its super rally, the price of gold has more than reversed all of its previous gains and it is now trading at a five-month low. So, what happened to the Brexitesque effect of Trump? Well, as research firm Capital Economics said this Friday, markets appear to believe that a Trump victory will lead to major infrastructure spending and much more aggressive Fed tightening...........................................Full Article: Source
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