Daily Morning Call

From the Floor: Trump propels gold to $1,200/oz — #SaxoStrats

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  • Gold breaks $1,200/oz after Trump press conference fails to provide fiscal specifics
  • Gold correlation to yen and real yields still intact — Hansen
  • $1,205/oz shaping up as the key resistance — Hansen
  • Dollar bulls 'scared' after Trump adds nothing new on stimulus package — Hardy
  • USDJPY back below 115.0 handle after bond yields dip — Hardy
  • 'Stay away' from pharmaceuticals sector after Trump gives stark warning — Garnry
  • WTI rebounds off support at $50.70/b despite bearish EIA report — Hansen