Skip to main content

Dollar’s Strength is a Major Headwind for all Metals

When I can earn 5-6% on a certificate of deposit (CD), why would I want to own gold? Inflation is still here. If you think the Fed is going to stop raising the rate, fine. If the dollar drops, then I want to own gold. Until the dollar shows it wants to drop, gold is the enemy here. It's the market that got too big of a headwind, in my opinion.

About the author

Average: 5 (1 vote)

Newsletter Signup

GoldSeek Free Newsletters
GoldSeek Daily Edition
Gold & Silver Seeker Report
Gold Seek -- Peter Spina