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« A background guide to “Brexit” from the European Union | Main | Silver Prices Fail to make a new Higher High »
Thursday
Mar172016

Is it Gold that’s Up or the US Dollar that’s Down

 

 

 

Gold prices have risen approximately 2.5% over the last two days against the US Dollar.

 

But if we take a closer look we can see that the US Dollar has actually declined by 2.2% so it looks as though golds rise is a function of its inverse relationship with the dollar.

 

Should the dollar start to recover and gold can still keep climbing then this would lend creditability to golds rally.

 

However, if the dollar recovers and gold declines then we must remain cognizant of the part the dollar plays in any move by gold in either direction.

 

Take care.

 

 

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