Gold longs are rolling in it, and shorts are covering - the yellow metal benefitting from the weekend's US political turmoil
Trump slapped a ban on travellers from some countries:
- President Trump's executive order, signed on Friday, halted the entire US refugee programme and also instituted a 90-day travel ban for nationals from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.
And went much further than that. Then .. US judges have been overturning the ban
- In Boston, a judge decided two Iranian nationals, professors at the University of Massachusetts, should be released from detention at Logan International Airport
- An order issued in Virginia banned, for seven days, the deportation of green card holders held at Dulles Airport and ordered the authorities to allow access to lawyers
- A Seattle judge issued an emergency stay of removal from the US for two people
The latest is (this via Reuters headlines):
- Senior US administration officials says all of Trump's executive orders on immigration remain in effect and are being enforced
If the administration contravenes judicial orders there is the makings of a constitutional question ... which could (probably will) blow up further.
Gold is higher initially in Asia here on the turmoil.
