As a rule, when the value of the dollar increases relative to other currencies around the world, the price of metals tends to fall in U.S. dollar terms. It is because gold becomes more expensive in other currencies. As the price of any commodity moves higher, there tend to be fewer buyers, in other words, demand recedes. Conversely, as the value of the U.S. dollar...
For a few weeks now, this bear flag has been forming on the Dollar Index/DXY, bouncing around between these 2 downwards channels.
The Dollar Index measures a basket of foreign currencies against that of the US Dollar - such as the Euro, Yen, British Pound and Canadian Dollar. The rise of a currency is typically associated with downwards movement in most equities,...
