Loading ...Look at how high the dollar was early 2017, 104 on the Dollar Index.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
Now look how low Gold was at the same time, early 2017 $1160/oz.
https://finviz.com/futures_charts.ashx?t=METALS&p=m1
So the Dollar is slightly lower today at 94, but Gold is a lot lot higher at $1,931/oz. If the Dollar goes back down 88 again, like early 2018, which is very likely, Gold would get a lot MORE tailwind behind $1900.
Remember the old days? When TPTB liked pushing Gold DOWN by announcing “The Bundesbank is going to sell 2500 tons”. Now why would the manipulators kill the Gold price BEFORE a sale? Other times the bozo/bankers would simply announce higher interest rates to subdue the Gold price. They can’t do that anymore. These economic idiots are now backed into a corner with only one checker, like the end a checker game.