On Thursday, gold prices climbed back above the $1,200 mark—the first time since November. The valuable metal has now increased in seven of the last eight sessions, representing a weakness in the dollar. Additionally, other metals were increased by the dollar’s weakness—silver, copper, palladium, and platinum. As Trump is set to take the stage, little is known about his Administration’s plans for economic stimulus, trade policy, and tax reforms, which is discouraging for investors who wish to keep the dollar and stock rally going.
See Sara Sjolin, Gold Jumps Back Above $1,200 for First Time Since November, Market Watch, January 12, 2017.
