Gold has had a push up gaining over 20% in the past 2 months. Meanwhile, the US Dollar hasn't seen $1.00 since April and some are saying the feds have been propping it up from dipping even further down. I don't see this trend breaking anytime soon. A push to 2k seems possible if things get worse in the states and investors look for safe places to sit their money. Of course, its never the brightest idea to be too pessimistic when dealing with the dollar and "American Exceptionalism"...
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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.