GOLD 0.51% $1,391.7 gold futures

Has the Greenback Peaked?Short of escalating tensions in the...

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    Has the Greenback Peaked?

    Short of escalating tensions in the Middle East or a pullback in stocks, the catalyst for higher gold prices—and, indeed, commodity prices in general—may very well be a substantial weakening of the U.S. dollar. On Tuesday, the U.S. Dollar Index experienced a “death cross,” a bearish signal that takes places when an asset’s 50-day moving average crosses below its 200-day moving average. We haven’t seen this from the greenback since May 2017.


 
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