The world has waited with bated breath to see what actually happens now that President Donald Trump is the 45th President of the United States. It has long been known that he says some things seemingly without considering the consequences of his actions. As the POTUS, he will have a huge impact on the economy of the country, which will impact the world markets.
Varied Reactions to His Inauguration
The markets’ reactions to the inauguration have been all over the place. Japan’s market seems to have reacted negatively to the inauguration; however, Chinese markets have reacted in a more favorable manner. This is rather shocking, when you consider that President Trump made accusatory statements that claim China is a currency manipulator, but he hasn’t restated those accusations since he took his oath of office.
President Trump’s Stated Policies
One thing that could greatly impact gold prices is how closely President Trump sticks to his campaign points. For example, he says that he is going to put America first. He wants to impose penalties from companies with a U.S.-based presence that opt to import goods to his country. He also said that he plans to renegotiate the North American Free Trade Agreement. He plans to strengthen the economy, which could have a love-hate relationship with gold prices.
Effects on the Gold Market
This year is going to be a volatile one for the gold market. Keeping an eye on President Trump and how the world reacts to the changes that he makes in the U.S. is going to be crucial for gold investors. You won’t be able to watch only one of the markets because what goes on in the west will affect each market differently. Tracking the changes and making plans based on your goals can help you with long-term planning that should extend beyond 2017.
How to Trade Gold Online
The Price of gold is constantly on the move. Take advantage of the daily price changes in gold with an online trading account. Some brokers offer bonuses of up to 30% on your first deposit (Terms and conditions apply). Open Gold Trading Account Here
The broker trading platform will also provide you with numerous charting tools and the ability to trade other commodities and currencies in addition to gold CFD’s. You might also want to begin trading with a demo account before attempting to risk any of your own money. That way you can practice trading with virtual money on the demo platform first.