Meltdown 101: Why is the dollar weakening?MADLEN READ
NEW YORK (April 4) The US Dollar (USD) is showing divergent behavior against counterparts depending on their risk profile, according to Strategists at BBH. Whilst it is mostly falling against commodity currencies due to an improved outlook for global gro
The US dollar gold price has declined for 2 months, but it has shown strength against the 10-yr TIPS yield, to which it was tightly correlated from 2006–2021.
Dollar Debasement: The Catalyst for Change? A key driver of Costa's bullish outlook on gold is his conviction that the U.S. dollar is significantly overvalued. "The dollar is now at probably at its most overvalue levels in history versus other currencies," he asserted. He believes that the...
An overvaluation of the USD led to concerns overexchange ratesand their link to the way in which gold was priced. President Richard Nixon decided to temporarily suspend thegold standard. At that point, other countries were able to choose any exchange agreement other than the price of gold. In...
Weakening Dollar: Because interest rates are falling, the dollar exchange rate might also drift lower. A weak dollar usually manifests itself as a strong gold price. Rising Geopolitical Tensions: Almost nothing benefits from geopolitical tension or wars other than weapons manufacturers… and gold. Ho...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is residing below the 104.00 marker this Thursday in a week filled with turmoil. Besides warning signs from the European Central Bank
NEW YORK (July 21) Precious metals traders rode a roller coaster of optimism and greed higher this week, as markets cemented expectations for a rate cut from the Federal Reserve at their September meeting. But gold prices may have pushed too high too qui
“Gold prices recently climbed above $1300 an ounce, its highest price since January 2015, and silver prices have soared roughly 27% since the start of 2016, based on a combination of factors, including fears of a recession, political uncertainty and a weakening in the U.S. dollar,” accor...
Gold prices edged lower on Friday morning after five straight days of gains. Increased expectations of a pause in Federal Reserve rate hikes and a weakening dollar have set the precious metal on a rally and on course for its best week since April. ...