alexr451

Flight to safety driving gold higher, yields lower and USD up

TVC:DXY   Indice devise Dollar U.S.
As the stock market starts to stumble, people look for safe places like Bonds, all those bond purchases drives the USD higher since you need to buy them in USD so it creates greater demand, this increase in USD would normally be bad for Gold. But Gold is actually going up right now since it is safe haven asset, that demand is off setting the negative effects of the USD, it has finally uncoupled the 2, the gold rally might finally be there.
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