Opinion: What’s driving the rare simultaneous rise in gold and the dollar
“The past year has been somewhat surreal in the gold market, as we have the rare occurrence of the dollar rising in somewhat slow fashion while gold bullion has appreciated about $300 per ounce to trade near $1,500. Historically, a rising dollar and rising gold bullion haven’t gone together, but the distortions that have come with global quantitative easing policies are to blame for the breakdown in this inverse relationship.” (See below)
USAGOLD note: We have been tracking this trend here at USAGOLD for quite some time. More and more analysts, like Saxo Bank, see the trend continuing. (See post further below.) To be frank about it, we do not see, at this juncture, much standing in the way in a continuation of the current trends. The article at the link is a very good review if you are new to the “surreal” gold-dollar relationship.
Repost from 10-7-2019