Will USD’s Bearish Trend Continue To Support Gold?

Will USD's Bearish Trend Continue To Support Gold?

Will USD’s Bearish Trend Continue To Support Gold? — Gold may be considered to be a bet against the U.S. dollar. The depreciation of the greenback supported the yellow metal in 2017. The price of gold managed to rise last year in rather unpleasant macroeconomic environment mainly thanks to the weakness of the U.S. dollar. Now, the key question is whether the bearish trend in the greenback will continue or we will see a trend reversal (or actually a continuation of a rebound, which started in September)?

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Will USD’s Bearish Trend Continue To Support Gold? via @marketinvestor