In the aftermath of a much anticipated speech, US President-elect Donald Trump refrained from outlining many policy points during his press conference, disappointing markets hoping for more certainty regarding the outlook. Despite expectations that he would cover items such as fiscal stimulus and tax reform, these issues went untouched during his comments, with the main focus centered on his solution to handle potential conflicts of interest with his existing business holdings.
Keeping to his traditional strategy over the last few months, he was very vague on details, instead preferring to keep policy plans under wraps until after the inauguration which is scheduled for January 20th. In reaction to the looming ambiguity surrounding policy, the US dollar continued to give back ground on Wednesday, pushing gold prices back above $1200 per troy ounce to the highest point since November.
Trump Adds to Market Anxiety
Daily Analysis - 12/01/2017