Funnily, dollar is rising and are rising which is a big discussion I will try to keep it extra short:
no , dollar is doomed...what happens to gold then? it goes UP
high , dollar goes down and therefore people tend to hold money in the form of gold (and btc ). Therefore, in times when remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. So Gold up again 🔝
Weird yes? Not really, it's the times we live in, the times are weird more than the prices. An it will be a crazy year.
ps. CIP ( ) data came out exactly as forecasted, no major news on today. I had prognosed that Gold will rise together with dollar just 3 days ago. ask me privately and I will show you )
ps2. Dollar rising and Gold rising...what happens if dollar drops next?? Take a wild guess guys