Taking down the killer dollar

Saxo Bank/Steen Jakobsen

Image of gold, dollar newspaper headline“We maintain a bullish outlook for gold, based on the assumption that the dollar will weaken and global bond yields stay low. Following a period of consolidation, gold could move higher to reach $1550/oz by year end before moving higher into 2020.”

USAGOLD note:  This lengthy report lays out a positive case for gold based on a continuation of current trends, including a strong dollar.  In short, Saxo sees gold and the dollar rising in tandem as they have since about mid-year.

Repost from 10-6-2019

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