Gold Spikes As Dollar Dumps After Mnuchin Comments

Confirming President Trump’s concerns about US national debt levels, and that new policies will likely have limited impact in 2017, Treasury Secretary Mnuchin’s comments this morning have sparked buying in bonds, bullion, and marginally in stocks as the dollar gets monkey-hammered.
After the WSJ article overnight provided some USD strength, his comments this morning seemed to dull any strong dollar hype…

This post was published at Zero Hedge on Feb 23, 2017.