Silver as an investment

Flynn, Tax Reform, and Gold

sunshineprofits.com / ARKADIUSZ SIEROŃ / DECEMBER 5, 2017

On Saturday, the U.S. Senate passed a tax-reform bill. What does it imply for the gold market?

The last weekend was a turbulent period for the gold market. On Friday, Michael Flynn, Trump’s former national security adviser, was charged and pleaded guilty to lying to FBI agents. It means that the Russia probe is getting closer to the White House. Importantly, Flynn could have extremely valuable information about the Trump administration’s potential contacts with Russians. Hence, when the news hit the markets, the price of gold jumped from about $1,273 to almost $1,290, as one can see in the chart below.

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