Gold’s parabolic move could undermine Trump agenda, Morgan Stanley’s Wilson says
Morgan Stanley strategist Michael Wilson warns that the recent parabolic rise in gold, coupled with a weaker U.S. dollar, could politically undermine the Trump administration's agenda by raising concerns about inflation and affordability in a mid-term election year. Gold and silver experienced a sharp sell-off due to increased margin requirements from CME Group and the nomination of Kevin Warsh as the incoming Federal Reserve chair, seen as a "balance sheet hawk." Wilson suggests Warsh's appointment could stabilize markets and cool precious metal prices, giving the administration time for broader policy objectives.
https://www.investing.com/news/commodities-news/golds-parabolic-move-could-undermine-trump-agenda-morgan-stanleys-wilson-says-4478299