kingworldnews.com / May 16, 2017
With the U.S. Dollar Index tumbling to 98, here is what is pushing the gold and silver markets higher today.
May 16 (King World News) – Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness: The euro heavy US dollar index is but a smidgeon from giving back the entire Trump election rally. It’s back to where it was on November 9th, the day after, which compares with the close of 97.86 the day of the election. While I saw a news headline today blaming the new news on Trump’s new soap opera story, I’ll stick to the data and the shifts in monetary policy instead as the main drivers…
Reflecting the post election excitement in France, the German ZEW index which measures German investor confidence in the German economy rose to 20.6 from 19.5. While that was below the estimate of 22, it still is at the highest level since August 2015 while the Current Situation component rose to the best level in almost 6 years. Also of note, the ZEW survey for the entire euro area was higher by almost 10 pts to the highest since August 2015. The President of ZEW said:
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