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‘Losing its store of value’: Expert attributes gold’s rally, stocks’ surge to weak U.S. dollar
Gold has been on a tear recently, shooting up to unprecedented highs due in part to the U.S. dollar losing its store of value function around the world, according to one expert. The price of gold hovered around US$3,733 per ounce by mid-Monday morning. The U.S. dollar meanwhile snapped a three-day winning streak as investors waited to hear from U.S. Federal Reserve officials to gauge monetary policy outlook. “This is what it looks like when the U.S. dollar is at least partially losing its store of value function,” Daniel Ghali, director of commodity strategy at TD Securities, told BNNBloomberg.ca in a Monday ... (full story)
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- Sep 22, 2025 6:45pm Posted byFundamental Analysis206
