Dollar and Gold Magnatism

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The gold price has risen during most recessions since the 1970s, the only two exceptions being single-digit declines.

 

U.S. Dollar: The U.S. Dollar Index (DXY) was up 20% through October last year but cooled in Q4. The question now is whether its massive rally against most G10 currencies is over—or if this is just a pause for another phase higher. Interest rate decisions will influence the world’s reserve currency, in turn impacting most markets, including silver and gold which are inversely correlated to it most of the time.


USD up GOLD down

USD down GOLD UP

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