Furthermore it is the very weakness of the dollar that makes the price of gold cheaper to countries with stronger currencies , especially as many nations emerge from poverty and can afford to buy some. Slowly ever as measured , gold is becoming regarded as a currency rather than as a commodity.
Meanwhile , other central bankers are watching the US dollar’s depreciation - the word “crash” so far this decade is more like it - with increasing concern a whopping loss as it is. How long it will take before they stop pricing their oil in a depreciating currency , such as the dollar , and stampeded to another currency or standard is unknown at present.
Nonetheless , unless there is an all out crash , the dollar will edge higher, if only because it has given the US exporters an advantage in trade.
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