Gold News: US Analysts Think That the Dollar Rally’s Over [Details]

candlestick chart, stock market chart
Written by Mike Hammer

A poll of US Dollar analysts reveals that most analysts think the rally is over.  A Reuters poll reveals the majority of analysts think the good times are over and it’s just a matter of time before the Dollar slips.  Over the last year, the main factor in the Dollar’s rise was the Federal Reserve increasing interest rates, giving the Dollar a better return.

But now the Fed has signaled a possible pause in interest rate hikes, and analysts see that as weakening the Dollar going forward.  And of course, a falling Dollar usually means increasing gold prices.  How much time does the Dollar have?  You’ll have to read today’s featured article to find out.

Continue reading at Reuters.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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1 Comment

  • I BELIEVE YOU INVESTIGATION IS GOING TO THE RIGHT TRACK,
    THE USA WAS THE WHO HAD INVENTIVE OF GLOBAL COMMERCE, THE WAY WE ARE DOING NOW.PUTTING AND IGNORANT IN THE GOVERNMENT, WAS AN ERROR, THESE MAN COMMITTED A CRIME JUST TO ARRIVE TO THE PRESIDENCY, WITH OUT ANY OTHER KNOWLEDGE THAT MAKING BLACK MAIL TO ADVANCE IN LIFE AND IN POLITICS.. IT IS A PITY, FOR HIM THERE IS NO NO COUNTRY BUT BUSINESS, ONLY FOR HIM, NOT FOR THESE WONDERFUL COUNTRY. HE IS ALREADY PUTTING THE DOLLAR, AND DEMOCRACY DOWN.