Thursday, October 20, 2016

The U.S.$ May Be Fading, 
But Not For The Reason You Think
After hitting a seven-month high at the start of the week, the U.S.$ saw a corrective pullback this past week, which has benefitted gold prices. Axel Merk, founder of California-based Merk Investments, says the end of the dollar's dominance may be unfolding – not because of another currency but rather because of money market funds. This, he says, is good news for gold. On the topic of the Fed rate hike: "If the markets have a fit, they're not going to hike. If the markets are going to have smooth sailing until December, 'yes,' we'll hike .. Draghi is reasonably happy where things are – the market is pricing in continued easing." .. 5 minutes

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