Loading ...Note the word “conspired”. Higher dollar higher rates were temporary. In reverse now. Free market gamblers drove Dollar too high, and Yuan too low, so the Fed always steps in and BOPS the traders when a favorite trend gets too extreme.
Parts of link.
“The dollar faced further headwinds as Chinese efforts to stem capital outflows and the Federal Reserve >conspired< to halt the strongest rally in the currency in more than a decade. Gold rose.
The growing backlash against the dollar coincides with more-sober outlooks on whether President-elect Donald Trump’s plans to boost fiscal spending will achieve rapid reflation.”
Comment:
I think we are seeing the beginning of the Jan to Aug gold rally 2016 all over again. It just got disrupted with Brexit and Trump. May as well start buying in again.