Between the Monroe Doctrine and Attacks on the Fed

Trump's actions are stirring geopolitical tensions and impacting the markets, particularly concerning the independence of the Fed. His potential influence on Fed policy could weaken the USD while enhancing gold's appeal. As geopolitical strategies unfold, the dollar may face pressures from investors pulling back from dollar-based assets, whereas gold prices are reacting positively. Furthermore, the proposed significant increase in the defense budget raises questions about financing and Congress's approval. The market remains watchful, as previously observed volatility may resurface depending on Trump's actions. Thus, an underlying sentiment suggests increasing bullishness for gold while the dollar appears to be at risk.