Why US Dollar Strength and Weakness Affect of Kitco Gold Prices

Why US Dollar Strength and Weakness Affect Gold Prices

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When the US Dollar strengthens, gold prices tend to decrease

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when the US Dollar weakens, gold prices tend to increase.

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A stronger dollar means each dollar can buy more, making gold less expensive in USD terms.

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weaker dollar means each dollar buys less, making gold more expensive in USD terms.

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Kitco Gold Index (KGX) up, and the USD price of gold is up even more

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Kitco Gold Index (KGX) is down, and the USD price of gold is down even more

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Kitco Gold Index (KGX) is down, and the USD price of gold is up

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