Gold Hits $3,650 All-Time High While US Dollar Keeps Falling
Gold all time high records were shattered once again as the precious metal actually reached $3,650 per ounce on Tuesday. This gold all time high price surge comes amid a weakening US dollar falling to six-week lows, which has been driven by Federal Reserve rate cut expectations right now following some pretty weak jobs data. Also Read: BRICS Anti-America Strains Rise as JP Morgan Predicts US Dollar Future Gold All Time High Price Rises As US Dollar Falls And Markets React Source: Watcher Guru The gold all time high today reflects mounting concerns about why is the dollar falling today, and investors are really taking notice. Since Trump’s return to office on January 20th, the dollar index has been weakened by 10.7% while gold has actually surged 33.4%. The US dollar falling trend accelerated after Friday’s jobs report showed the weakest employment growth in 14 years. Rate Cut Expectations Drive Gold All Time High Markets are now pricing in 74% odds of three rate cuts by year...