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Is plunging U.S. dollar bullish or bearish news for gold price?

Posted on 13 August 2013

Without a doubt, the recent weeks were tough for the U.S. currency. The U.S. dollar fell as investors weighed when the Federal Reserve would slow the pace of bond purchases that had contributed to weakening the greenback. It also dropped against all its major counterparts after a government report last week showed American employers hired fewer workers in July than economists had predicted.
Another bearish factor which weakened the dollar was strong data from China that suggested economic optimism………………………………………..Full Article: Source


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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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