Gold price and the US dollar

Posted on Posted in Investments

My previous review of the USDX in January, 2017 indicated the the USDX would weaken in the following months. See below for the chart.

Look for continued weakness in the US dollar. The gold price will stabilize and strenghten as the US dollar weakens.

USDX as at June 2, 2017.

The weakness in the US dollar is one factor in the rise in the price of gold. See the weekly chart of gold below.

Futures chart of Gold as at June 2, 2017