Dollar move signals new era of weakness for currency, as gold gains

CNBC/Patti Domm/7-27-2020

graphic image of a dollar with GW wearing a surgical mask

“The dollar has become the world’s punching bag and it’s likely to stay that way for awhile. … Strategists say the dollar’s slide comes as the U.S. lags most of the world in halting the spread of the coronavirus, and some expect the U.S. economic recovery to lag others, including Europe. The dollar is also reacting to the prospect of mounting U.S. deficits and ultra-low U.S. interest rates well into the future.”

USAGOLD note:  Suddenly dollar bears are in abundance …… And they are all wearing masks.


Repost from 7-28-2020

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