With Deflation Priced in, Gold Could Shake Its Slump
August 23, 2022 at 11:49 AM EDT
The strong U.S. dollar continues to curb any momentum gold can muster, as the precious metal tumbled 3% last week after looking like it might shake out of its summer slump. Strength in the dollar makes overseas gold purchases more expensive, reduces demand, and drives gold prices down. Bloomberg Intelligence sees another possible reason for [...] The post With Deflation Priced in, Gold Could Shake Its Slump appeared first on ETF Trends .