Trump seeks to shrink cabinet agencies' budgets

WASHINGTON (Reuters) - President Donald Trump on Wednesday said he will ask every cabinet secretary for proposals to cut their budgets 5 percent.

As a candidate in the 2016 presidential election, Trump pledged to slash government spending and regulation, and many fellow Republicans going into November congressional elections have picked up the theme in their own campaign promises.

Reporting by Steve Holland; Writing by Lisa Lambert

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain