3 Reasons Why Gold Will Shine In the New Year
November Gold News RecapWelcome to the December edition of the Scottsdale Bullion & Coin newsletter. Here you will find monthly news about the gold & silver markets, investing insights, notable posts from our blog, and more. As knowledgeable precious metals dealers, we are happy to share news and information with our valued readers and clients. As always, we are available to answer questions or help you make investment choices.
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Major Market Movers
Presidential election: The unprecedented U.S. election resulted in what is being called a “Trump rally” for the markets.
Risk appetite: Investors and markets seem to be pricing in expectations that Trump’s policies will be good for the economy, and we are seeing more risky investments. Concerns for rising deficits don’t appear to be priced in to the markets yet.
Federal Reserve: The probability for a rate hike at the next FOMC meeting mid-December is set at 90%. Barring any major news, the market expects interest rates to increase before the end of the year.
U.S. dollar: The dollar hit 14-year highs this month due to risk sentiment and anticipation of new economic policies.