How A Rising Dollar Impacts The Gold Price

April 28, 2018

The U.S. dollar has been on the rise in April – could it be breaking out? Mike Matousek, head trader at U.S. Global Investors, explains the dollar’s recent positive price action and how investors might participate. He also explains how the dollar and gold have historically had an inverse relationship, with one generally rising when the other slumps.

For Mike's full explanation, watch the video below!

Courtesy of http://www.usfunds.com

********

In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.