Gold Falls, System Breaks

Tamara Ceaikovski

The sharp decline in gold since the end of the past week (and which continues) is directly attributed to changes at the top of US monetary policy: - Nomination of the new head of the Fed: President Donald Trump's decision to nominate Kevin Warsh to lead the Federal Reserve (Fed) acted as a cold shower for the markets. Warsh is perceived by investors as an "inflation hawk", a supporter of high interest rates and a strong dollar. - Dollar's Comeback: According to reference data provided by

Tag-uri: Inflatie Donald Trump

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