Gold slumps, then rebounds
Gold touched a one-week low of $1219 today but has staged a small bounce to $1224. That's part of some very minor US dollar selling in some consolidation after the dollar hit session highs.
If Trump starts a currency war, the upside for gold is probably 20%. Expect some moves in the weeks ahead. Mnuchin will be confirmed in a few hours and his early comments will be big.
