Trump impeachment unleashes uncertainty

Daily Analysis - 19/12/2019

The House of Representatives supported Trump’s impeachment


Yesterday the House of Representatives voted to impeach the President of the United States Donald Trump. This historic vote is registering the name of him, the third president to be charged with high offenses and misdemeanors and will be placed in front of the Senate for a trial that could remove him from the presidency. After yesterday's votes, Stephanie Grisham – the White House press secretary described the impeachment as unconstitutional and said in a statement, that the president, “is confident the Senate will restore regular order, fairness, and due process,” and he is ready “for the next steps, and is confident that he will be fully exonerated.”

Oil touched a 90-day top

On Thursday oil settled at a 90-day top, continuing a strong streak that started five days ago. That while thawing trade connections between the United States and China boosted the global markets. The US West Texas Intermediate (WTI) crude grew 4 cents to $60.96. Brent crude futures went up 8 cents to $66.24 a barrel.


Trump’s impeachment favors gold

On Thursday Gold increased following the US House of Representative’s vote to impeach the president of the United States Donald Trump. The decision to vote for the impeachment sparked political uncertainty in the US which is the world’s largest economy. Gold futures gained 0.2% at $1,481.49 per ounce.Spot gold increased 0.2% at $1,477.77 per ounce.


US dollar calm after impeachment

The popular greenback did not move much following the impeachment of the US President Donald Trump on Thursday. The British pound continued to be under tension on revived concerns about an uncontrolled exit from the European Union. Dollar investors were exceptionally confident after a majority of legislators in the US House of Representatives voted to impeach the president.


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