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USAGOLD/Peter A. Grant/02-24-17
Gold continues to charge higher, amid the realization that it may take some time before any fiscal policies implemented by the Trump administration to bear fruit. The yellow metal has set new 3-month highs just shy of 1260.00 thus far.
If growth is likely to remain soft, the Fed may be more cautious with regard to the pace of race hikes. Yields have slipped accordingly, which has brought the dollar under pressure. U.S. stocks appear poised to begin the day under pressure as well.
The U.S. calendar is light with January new home sales and the final University of Michigan sentiment read for February.
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