US Dollar Softens, Gold Rises | The Mesh Report

US Dollar Softens, Gold Rises

Mike Hammer November 1, 2016 0

Yesterday we talked about how the price of gold and the value of the US Dollar are related.  Then, as if by magic, today we get a perfect example of it!  If you’re in the mood for a little homework, pull up a chart of GLD (largest gold ETF in the US), then add a comparison of UUP (the US Dollar index ETF).  Finally, memorize this little ditty: When the dollar goes up, gold goes down and when the dollar goes down, gold goes UP.  Because this is supposed to be fun, you can use the childhood tune of your choice.

Here’s a short article giving the important details and a little discussion of the recent moves in gold and silver.

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