Here’s why the US dollar may be closer to a peak than markets think, even as inflation rages and the Fed remains hawkish

MarketsInsider/Jennifer Sor/10-23-2022

chalboard showing inflation pattern as chart with symbols for various currencies“But examples of dollar peaks in the 1970s and 1980s may be more applicable to today since those periods also saw high inflation, [Goldman Sachs] analysts said in a note on Thursday.”

USAGOLD note: Seems logical…… The article at the link above gets into Goldman’s full rationale. Given the well-entrenched inverse correlation between the dollar and the yellow metal, one would think a peak in the dollar index would be good news for gold investors.

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