Like it or not, the U.S. dollar is cementing its role as a global safe haven

MarketWatch/William Watts

“Good as gold? When it comes to havens, the U.S. dollar might be better. That’s what some analysts said as the dollar rallied versus major rivals over the past week, appearing to benefit from a desire for safe assets . . .”

USAGOLD note:  Are we entering a time when the dollar and gold are both seen internationally as safe-havens? Since this past May, the two have risen together as investors seek shelter from depreciating local currencies and geopolitical uncertainty.

Chart of gold and dollar index rising in tandem, unusual

Chart courtesy of the St. Louis Federal Reserve [FRED]
Data source: Board of Governors, IBA

Repost from 9-30-2019

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