Gold prices traded dramatically higher today, moving to a price point not seen since November 11, 2016. As of 4 o’clock Eastern standard time gold futures (April 2017 contract) were up 16.6 dollars at $1237.50
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Typically risk-on and safe-haven assets have a negative correlation. On most occasions, they tend to run in opposite directions. There are exceptions to that rule.
Just like an airplane circling the airport, global Central Banks are in a holding pattern as they wait and assess the effect of policy implementation and the leadership style of President Donald Trump.
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