Besides being a good stimulus for investment, strengthening gold to the US Dollar is also good for exports. This can drive down unemployment so there is a parallel benefit here which the average American is not aware of. We need exports plus cheaper US goods in the international market to recover from our pandemic troubles. Just remember this, from an economist point of view, rising gold prices are golden and yes, expect gold to continue to follow this pattern as a hedge to the US Dollar.
Weakening US Dollar Driving Gold to New Record Prices
Bruce Willard Barren on LinkedIn • 2 min read
By Paul Ebeling on July 30, 2020