I wanted so badly for Gold to beat the dollar and really rally this fall. Sadly I have changed my stance with what I believe is growing evidence of a strengthening US Dollar. I've been studying many currency charts and one can see a turning point in most for the Greenback, at least in the short term. Long term outlook might be a different story and I get a sense that the "R" word could be a year or so away which would really aid Gold's upward momentum.
Maybe the upcoming Presidential Election will bolster the outlook for Gold or perhaps an International event. But when the US Dollar is growing stronger and healthier Gold gets a full blown flu and geopolitical events are only a spoon full of medicine for the precious metal.
Maybe the upcoming Presidential Election will bolster the outlook for Gold or perhaps an International event. But when the US Dollar is growing stronger and healthier Gold gets a full blown flu and geopolitical events are only a spoon full of medicine for the precious metal.
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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.