Gold prices rocket as markets lose FAITH in Donald Trump despite FTSE and Dow SOARING
GOLD prices are rising amid fears that record high stock markets spurred by the so-called Trump trade could be heading for a crash.
By LANA CLEMENTS
Express.co.uk
Sun, Feb 19, 2017
Investors have piled into the precious metal pushing it up to $1,239 – its highest level since November – as shares continue to bounce to highs never seen before.
The rise in gold prices suggests that markets are worried the bubble could be about to burst, as the yellow commodity is considered a safe place for money during times of financial crisis and volatility.
Markets are set to be tested when Donald Trump addresses the US congress on February 28 with more detail on tax and spending plans set to be unveiled.
The new President’s expected economy plans have helped drive the surge seen in the Dow Jones and S&P, as well as Britain’s FTSE 100.
But many experts now believe the Trump Trade could be nearing the end of its course – to lift gold prices higher still.
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