Regardless of which side of the Russia/Ukraine/U.S./NATO conflict you might associate, it has without question shined a bright light on the dollar’s diminishing status as the reserve currency.
The almost 10% surge in gold prices since the start of 2022 is turning into a boon for bullion dealers. Demand for bars and coins, especially in Western nations, hit 1,124 tons in 2021..
Since 1970 the world has been through a series of financial crises. Each crisis has been progressively worse than the previous one. The solution has been to see the developed world's CBs lower interest rates..
And scary they are -- so much so that the potentially world-shaking geopolitical disaster in Ukraine ranked only seventh on one well publicized list of Americans' biggest concerns.
Russia is dealing with major inflation pressures. Gold on the weekly chart shows the big support at $1,844. The Bollinger band on the weekly shows $1968 on the upper..
