Loading ...The Dopey/Dollar that provides dopey prices, is obviously losing respect. Because even though it got so high over 80 Gold prices stayed pretty high. So Gold is gaining respect. As it should.
Plus I heard Basil III declared Gold a tier one asset for banks, and no longer allowed to declare “paper gold” holdings as assets. Finally a situation that was backwards was stopped and reversed. Abnormal back to normal. Nonsense back to common sense.
Assuming the money managers ran the dollar up on purpose, they probably did it to lock in a sub $1900 gold price for themselves. Like home buyers locking in a low mortgage rate. Maybe hold oil and gasoline back too.