Barry Stuppler

The US dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a sell-off that left yields at their highest levels of the year . . . .

Analysts cited news reports that the Russian central bank bought around 48 tons of gold in October, the biggest monthly gold purchase of this millennium . . . .

Unexpectedly, Gold has dropped $65 per ounce since the election of Donald Trump as president of the United States. During the same period of time, many Banking, Energy, and Pharmaceutical stocks have increased 10% or more . . . .

America has chosen Donald Trump to be its next President and the world markets, whether metals, gold, bonds, equities or Forex are all highly volatile . . . .

Sales of the final coin in the U.S. Mint’s 2016 Centennial coin program — the 2016-W Walking Liberty gold half dollar — have gotten underway, and according to the Mint, 43,728 were sold during the first day of sales out of a maximum of 70,000 coins . . . .

If just 2 percent of current Islamic finance assets are allocated to gold, a huge new source of demand – roughly equal to China’s total purchases in 2015 – will soon enter the market. And this could push gold prices higher… a lot higher . . . .