Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

Summary:
◆ Gold has edged higher to reach three week highs at ,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and the outlook for stocks is enhancing gold’s safe haven appeal ◆ Palladium has surged to an all time record high and we expect gold and silver to follow suit in the coming months due to very elevated geo-political, financial and economic risks ◆ Hard currencies in the form of the monetary metals of gold and silver are outperforming the dollar, euro, pound & all digital fiat currencies and we expect this out performance to continue as currencies are further devalued

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