Loading ...The banks may be getting ready, and raised the dollar so they can lower the Gold price, to increase their supply holdings a lot cheaper. Later on they can back currencies with it or sell it a lot higher for profits?
Anybody in the public, pressed for cash, will be selling their old jewelry and coins too cheap. Remember when the banks would announce a big sale of bullion BEFORE the sale day? And knock the price lower? They were probably BUYING instead but lied.
They may be doing the same thing, but the phony “announcement” is higher rates and a higher dollar. Generally you have to reverse anything they say or imply. They are constantly full of shit.