14
Feb
Trump’s policies: A positive factor for gold in 2017
Chaotic first weeks in the White House. Inflation reaches 2.5% in the US. Increased investment demand. Market thrown off balance. Rise in gold prices.
Key points
- Donald Trump’s policies strengthen bullish prospects for gold in 2017
- Most key factors now favourable to rise in gold
- Significant increase in systemic, political and geopolitical risks
- Deflation is forgotten, inflation returns in the US and exceeds the Fed’s target
- Interest rates will not penalise gold
- Global liquidity still growing
- Rise of the dollar slackening
- Increased volatility favourable to gold prices
- Strong increase in investment demand
- Surge in demand for jewellery
- Global supply, market thrown off balance
- Speculative positions are low once again
