The U.S. Dollar Is Set for More Downside

The U.S. Dollar Is Set for More Downside

What are the charts telling us? After posting a “double top” in the 103 area, the U.S. Dollar Index broke 17-year trendline support when it closed below 92 on Nov. 27. My work projects further weakness toward the 85 area.
December 7, 2020 0 Comments
Dollar weakening expected to last into 2021 as risky bets remain

Dollar weakening expected to last into 2021 as risky bets remain

BENGALURU (Reuters) - The dollar's weakening is likely to last at least another six months as investors continue to shift to risky assets and higher returns, a Reuters poll of currency strategists found.
December 4, 2020 0 Comments
Safe-haven buying boosts gold, silver just ahead of U.S. elections

Safe-haven buying boosts gold, silver just ahead of U.S. elections

(Kitco News) - Gold and silver futures prices are solidly higher in midday U.S. trading Monday, on safe-haven demand just one day before the U.S. elections and all of the uncertainty and anxiousness surrounding the matter. December gold futures were last up $15.00 at $1,894.90 and December Comex silver was last up $0.474 at...
November 3, 2020 0 Comments
Here’s Who Wins the November Election

Here’s Who Wins the November Election

Could there be a negative outcome for gold? Sure… the price rises in anticipation of turmoil and the turmoil is less than expected. Or maybe if Biden wins but Democrats don’t sweep the house. Or maybe if Trump wins decisively and further fiscal stimulus is contested or below market expectations.
October 28, 2020 0 Comments

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