USA has always benefitted from the conflict everywhere. It is self-evident from the time of "The Great Depression" when the depression suddenly vanished for the USA as soon as it entered the global conflict of WW2. The secret lies in the arms and oil sales. Well, whatever the case is this time, USD is soaring in the market and DXY is heading to the decade high level of 110+. And sooner or later, metals are going to take a huge impact off of it.
Just like Euro and GBP and everything else is being pounded by the American Dollar, metals are no different. Expect Gold and Silver to plunge soon. USA's control of inflation is just remarkable in this time of global recession. It might appear to the world that circumstances may be difficult for the American public but in comparison to other currencies, USD is not taking a rest and that is the reason why we see bulls in the DXY market.
Just like Euro and GBP and everything else is being pounded by the American Dollar, metals are no different. Expect Gold and Silver to plunge soon. USA's control of inflation is just remarkable in this time of global recession. It might appear to the world that circumstances may be difficult for the American public but in comparison to other currencies, USD is not taking a rest and that is the reason why we see bulls in the DXY market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.