-
Gold Ends the Week With Fractional Gains Which Are About Equal to US Dollar’s Decline
Unquestionably, gold has had an exceptional week rising dramatically after the release of last month’s CPI index earlier this week. However, market participants must be laser-focused on gains or losses as they pertain to dollar strength or weakness. This is because the dollar has been the largest influence on daily price change. Over the last week, the dollar has dropped considerably. After six consecutive days of lower pricing, today was the first day that the dollar index closed above its opening price and above yesterday’s close after hitting the lowest low of this correction and the lowest point since April ... (full story)