The strength of the US dollar has stopped, and confidence has returned, even if temporarily, to the global financial markets. That has contributed to sharp gains in the price of gold, pushing it towards the $1637 resistance, before settling around the $1609 level at the time of writing. The US dollar is underestimated by the fact that the unlimited quantitative easing program recently approved by the Federal Reserve will crush government bond yields, and will radically increase the supply available to the dollar in the markets. This supply could be increased in the coming weeks by the Federal Reserve’s decision last ... (full story)