Qatarstrophe Sends Gold Near Post-Election Highs As Crude Tests 2017 Lows

– Qatarstrophe Sends Gold Near Post-Election Highs As Crude Tests 2017 Lows:

With Treasury yields at their lowest since the election, it appears a shift towards safe-havens (or Trumpflation unwinds) is well underway. Gold is nearing $1300 this morning – its highest since the election. WTI Crude has sunk back to a $47 handle, ignoring dollar weakness as the Qatarstrophe raises more doubts about OPEC coordination.

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