Gold SWOT: Dollar concerns are strengthening the outlook for further gold gains. - KITCO
Gold SWOT: Dollar concerns are strengthening the outlook for further gold gains. - KITCO
Source: KITCO
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DW NOTE
Kitco's SWOT frame implies gold's rise is driven by dollar weakness. The dollar index is up 2.3% this month. Gold rose because the Strait of Hormuz is effectively shut and 2,000 ships remain stranded in the Gulf — yet oil is down 24% from its high. That's the market pricing energy disruption as transitory and monetary instability as permanent.