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Flynn willing to testify against Trump; Stocks and USD plummet as Gold spikes

Summary:

  • Flynn willing to testify that Trump directed him to contact Russians
  • US stocks plummet with US500 falling 2%
  • Gold spikes higher on clear risk-off flows

A major surprise development at the end of the week has sent shockwaves through the markets as reports state that Michael Flynn would be willing to say that Donald Trump directed him to contact the Russians. 

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 The US500 has been hit by a wave of selling on the news with the index falling more thn 40 points on the news. Source: xStation

 The move can be seen across several asset classes with the USD sinking and Gold and bonds spiking higher. Earlier Flynn, who was fired as President Trump’s national security adviser after revelations that he lied about his communication with a Russian ambassador was charged for lying to federal agents about the contact. 

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