GOLD PRICES touched 9-week highs against a falling Dollar on Monday, rising while world stock markets fell amid fresh concerns over inflation as new US president Donald Trump moved to enact more of his campaign promises on trade and regulation.
Gold prices twice hit $1219 per ounce, the highest since 22 November in Dollar terms, but held 0.8% below last week’s high versus the single-currency Euro of €1141.
Silver held firm with gold prices against the Dollar, trading near $17.20 per ounce as commodity prices rose with government bond prices.
That pushed longer-term interest rates down even as market-based expectations …read more
Source of this post from Alexis Bush Blog http://silverandgoldcoinblog.com/2017/01/23/gold-price-hits-9-week-high-as-dollar-falls-trump-trade-tariffs-threaten-inflation-silver-comex-bulls-10/