Comment on Gold tops $5,000 for first time ever, adding to historic rally

MNByChoice@midwest.social ⁨1⁩ ⁨week⁩ ago

The USA Dollar is dropping rapidly.

morningstar.com/…/what-weaker-us-dollar-means-inv…

Through September, the dollar depreciated 13.5% against the euro, 13.9% against the Swiss franc, and 6.4% against the yen, alongside a 5.6% decline versus a basket of major emerging-markets currencies.

I don’t have a ready source, but I understand the stock market rally in the USA is only a rally as the dollar is dropping. Priced in other currencies, the USA stock market is down.

source
Sort:hotnewtop