LONDON (Reuters) – Gold eased on Wednesday as the dollar climbed to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump’s election to the U.S. presidency.

The metal has shed more than $100 an ounce from last Wednesday’s post-election high on the back of the sharp rise in bond yields and burgeoning appetite for risk.

Spot gold (XAU=) was down 0.1 percent at $1,226.85 an ounce at 1453 GMT, while U.S. gold futures (GCv1) for December delivery were up $2.40 an ounce at $1,226.90.  (more)

The eight cylinder U.S. economic engine has been idling on two cylinders for eight years.  Donald Trump’s victory is like a massive blast of Quick Start directly into the carburetor.

Don’t be standing behind the exhaust pipe when his economic plan hits the gas or you’ll be covered in soot.   After years of poor investment in U.S. infrastructure, lack of expansive economic development, burdensome regulations and trade/manufacturing deals antithetical to the U.S. middle class – Trumps proposals to look inward, put America first, and spend time polishing the lens on the ‘beacon of freedom’, are prudent, necessary and wise….