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Trump’s Budget Plan and Gold

Tuesday, March 21, 2017 14:00
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sunshineprofits.com / ARKADIUSZ SIEROŃ / MARCH 21, 2017

Last week was dominated by the Fed, but we also saw the initial budget proposal by President Trump. What does it mean for the gold market?

The recent days were full of important events. Besides the Fed hike and the parliamentary election in the Netherlands, Trump delivered his initial budget plan. In short, he proposed a modest increase in military funding offset by historic cuts to domestic programs.

The detailed analysis of the proposal is beyond the scope of this article – we will dig into that issue in the upcoming edition of the Market Overview. Here we would like to point out two important things. First, there is a lot of opposition from the Republicans against the proposal. It means that there is a bumpy road for the budget, which may increase the uncertainty and support the gold prices. Moreover, some members of Congress seem to approve the spending side, but disagree with the budget cuts. If they water down cuts, they will make the U.S. deficits larger, which could also affect the gold market.

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The post Trump’s Budget Plan and Gold appeared first on Silver For The People.



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