Gold Goes Up , The US Dollar Goes Down
Gold may be a barbarous relic, but we live in barbarous times. Gold prices scored their best weekly gain in three months, with prices of the yellow metal breaking above the $1,900-mark for the first time since September 2011 on Friday. Gold prices finished at 8-year highs and continue to accelerate higher. The $2,000 mark for gold will be very easily broken. Gold prices closed the week up more than 5%. They have climbed by around 50% since the summer of 2018 when the metal bottomed under $1,200 an ounce. The yellow metal also has climbed around $400 an ounce from March’s COVID-19 crash, its steepest 17-week gain since the very tops of September 2011 and before that January 1980.
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