Donald’s $ ducks

Measured in gold, the dollar’s decline is accelerating as foreigners bail out and gold is the go-to refuge. It is a panic on a global scale which looks like only just starting.

Donald’s $ ducks

After last week’s dramatic selloff, gold and silver rallied this week, spectacularly in the case of gold. In early morning European trade today, gold was $3219, up $180 from last Friday’s close — a new record level. Silver was $31.36, up $1.78. But since last week’s dramatic selloff, silver has been left way behind gold, reflected in our headline chart.

So what’s driving these two metals?