17 January, 2017

Gold continued to climb higher on Monday despite US markets being closed and there were modest increases in the rest of the complex as well. Gold seem to be benefiting from a barrage of unusual comments coming out of the US president-elect on practically a daily basis. Only a day after Donald Trump irked the Chinese by again casting doubt on the sanctity of the one-China policy, he caused considerable more unease about NATO’s usefulness on Monday, calling it obsolete. He also minimized the US relationship with Germany, implying that he would treat the German Chancellor and the Russian President with pretty much the same level of trust and also speculated that even more countries would leave the EU this year, calling it a good thing.