Bloomberg News
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Gold and the U.S. Dollar’s Strange Relationship
Posted
September 6, 2019
Views
13,935
Likes
80
Comments
2
Engagement
0.59%
September 6, 2019
13,935
80
2
0.59%
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1:10Now PlayingGold is one of the oldest means of exchange in the history of civilization and many governments around the world maintain large reserves. However, in modern economies the U.S. dollar acts as the global reserve currency and the dollar is the benchmark pricing mechanism for gold. This creates a special relationship between the precious metal and the currency. How do movements in the dollar impact the price of gold and how will present global uncertainty change this relationship? Insights via @CMEGroup
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