U.S. stockbroker Peter Schiff said that Federal Reserve official Raphael Bostic’s retirement will allow Donald Trump to nominate another loyal successor. Market expectations of a more dovish Fed leadership have weakened the U.S. dollar and pushed gold prices up by over $53 to $4,180 per ounce.
Gold stocks also rallied. Harmony Gold, Anglogold up around 5%; Barrick Mining up over 4%; Newmont Mining up over 3%.
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