Investors will have much to mull over this week as Donald Trump gives his first address to Congress, and Federal Reserve Chair Janet Yellen speaks Friday. After that, the FOMC goes into their blackout period in anticipation of their March 14-15 policy meeting.
Tuesday night, Donald Trump will give his first State of the Union address to Congress, which is expected to touch on immigration, tax cuts, regulation, Obamacare, trade agreements, defense, and homeland security. Investors are hoping Trump will lay out more specifics on his tax plan and trade policy.
Gold investors are waiting on more clarity from Trump as well, with prices holding steady Monday at a 3.5 month high, according to Reuters. ‘Since the beginning of the year, the gold price has always been on the rise,’ said Jiang Shu, chief analyst at Shandong Gold Group. ‘This will draw more and more momentum traders into the market.’
This post was published at Schiffgold on FEBRUARY 28, 2017.