{"id":73562,"date":"2020-09-23T18:31:00","date_gmt":"2020-09-23T15:31:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a-rebounding-u-s-dollar-is-crushing-gold-how-far-can-it-rise\/"},"modified":"2020-09-23T18:31:00","modified_gmt":"2020-09-23T15:31:00","slug":"a-rebounding-u-s-dollar-is-crushing-gold-how-far-can-it-rise","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a-rebounding-u-s-dollar-is-crushing-gold-how-far-can-it-rise\/","title":{"rendered":"#\n  A rebounding U.S. dollar is crushing gold \u2014 how far can it rise?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3da7902343c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3da7902343c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/a-rebounding-u-s-dollar-is-crushing-gold-how-far-can-it-rise\/#Bounce_doesnt_challenge_notion_that_dollar_has_made_a_cyclical_turn_analyst\" >Bounce doesn\u2019t challenge notion that dollar has made a cyclical turn: analyst<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/a-rebounding-u-s-dollar-is-crushing-gold-how-far-can-it-rise\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  A rebounding U.S. dollar is crushing gold \u2014 how far can it rise?<br \/>\n<\/strong>&#8221;<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">watch Movies<\/a> or TV series visit the <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Bounce_doesnt_challenge_notion_that_dollar_has_made_a_cyclical_turn_analyst\"><\/span>\n  Bounce doesn\u2019t challenge notion that dollar has made a cyclical turn: analyst<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000018812\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:68.828125%;\" data-mobile-ratio=\"68.828125%\" data-layout-ratio=\"68.828125%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-235535?width=140&amp;size=1.452894438138479 140w,\nhttps:\/\/images.mktw.net\/im-235535?width=540&amp;size=1.452894438138479 540w,\nhttps:\/\/images.mktw.net\/im-235535?width=620&amp;size=1.452894438138479 620w,\nhttps:\/\/images.mktw.net\/im-235535?width=700&amp;size=1.452894438138479 700w,\nhttps:\/\/images.mktw.net\/im-235535?width=860&amp;size=1.452894438138479 860w,\nhttps:\/\/images.mktw.net\/im-235535?width=1260&amp;size=1.452894438138479 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-235535?width=620&amp;size=1.452894438138479\" data-enlarge=\"https:\/\/images.mktw.net\/im-235535?width=1260&amp;size=1.452894438138479\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Mark Wilson\/Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       A previously beaten-down U.S. dollar is bouncing with a vengeance this week, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>earing to kill demand for gold and weighing on other commodities. Investors are wondering how much further the currency can rise.<\/p>\n<p> The ICE U.S. Dollar Index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.20%<\/bg-quote><span>,<\/span><br \/>\n       a measure of the currency against a basket of six major rivals, is up 1.2% so far this week and more than 2% month-to-date, trimming its 2020 decline to around 2.4%, according to FactSet.<\/p>\n<div class=\"paywall\">\n       The dollar has rallied as stocks have suffered a steep September pullback, perhaps showing the U.S. currency is still a haven during periods of rising financial market volatility, perhaps soothing concerns it was losing some of its shine amid questions over potential political instability and institutional decay ahead of this November\u2019s presidential election.<\/p>\n<p> But analysts said there was more to the rise than just haven demand, as shown by its continued gains Tuesday as U.S. equities bounced. Stocks were struggling to continue that bounce Wednesday, with the Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.30%<\/bg-quote><br \/>\n       flipping between small gains and losses, while the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.63%<\/bg-quote><br \/>\n       was off 0.2%.<\/p>\n<p>The previously surging euro<br \/>\n        EURUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210561242\/realtime\/sampled\" class=\"negative\">-0.29%<\/bg-quote><span>,<\/span><br \/>\n       which earlier this month had tested the $1.20 level for the first time in over two years, subsequently turned south and is down more than 2% for the month near $1.1683 in recent action. Renewed lockdown measures in reaction to rising COVID-19 cases in several European countries have undercut ideas that Europe was handling the pandemic better than the U.S., said Kit Juckes, global macro strategist at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, in a note<\/p>\n<p>The prospect of additional easing by other central banks, with the Bank of England and New Zealand\u2019s central bank weighing negative rates and the Reserve Bank of Australia expected to cut its key lending rate to 0.1% by the end of the year, have also been positive for the dollar, he said. But that doesn\u2019t mean the dollar\u2019s downtrend has come to an end.<\/p>\n<p>\u201cNone of this\u2026seriously challenges the notion that the dollar\u2019s made a cyclical turn, and brought the 2011-2020 rally to a close,\u201d Juckes said in a Wednesday note. <\/p>\n<p>He pointed to the chart below, which shows the Fed\u2019s measure of the real trade-weighted dollar, plotted against the 10-year yield difference between the U.S. and Germany. The difference in bond yields between countries are seen as a major driver of currency movements.<\/p>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:51.87500000000001%;\" data-mobile-ratio=\"51.87500000000001%\" data-layout-ratio=\"51.87500000000001%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-235510?width=140&amp;size=1.927710843373494 140w,\nhttps:\/\/images.mktw.net\/im-235510?width=540&amp;size=1.927710843373494 540w,\nhttps:\/\/images.mktw.net\/im-235510?width=620&amp;size=1.927710843373494 620w,\nhttps:\/\/images.mktw.net\/im-235510?width=700&amp;size=1.927710843373494 700w,\nhttps:\/\/images.mktw.net\/im-235510?width=860&amp;size=1.927710843373494 860w,\nhttps:\/\/images.mktw.net\/im-235510?width=1260&amp;size=1.927710843373494 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-235510?width=620&amp;size=1.927710843373494\" data-enlarge=\"https:\/\/images.mktw.net\/im-235510?width=1260&amp;size=1.927710843373494\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            SG Cross Asset Research\/FX<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       \u201cYields have led the dollar turns in the past and this time is no different. The (huge) exception to this pattern is the way the dollar surged during the Asian crisis and that was the curveball which led to fear that a scramble for dollar liquidity would delay a dollar turn during the pandemic,\u201d he wrote. \u201cBut the Fed\u2019s policy aggression in March has significantly reduced that risk, even if we will doubtless hear echoes of it in the coming days. \u201d<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>A big buildup in speculative short positions against the dollar also provided fuel for a rebound, argued Viraj Patel, global macro strategist at Ankera. Meanwhile, moves toward more stimulus by other central banks could give the dollar more room to rise, he said.<\/p>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetTweet\n          inline\n    scope-web|mobileapps\n  article__inset\n        article__inset--type-InsetTweet\n          article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<style>\n            iframe.twitter-tweet {\n                width: 100% !important;\n            }\n        <\/style>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\n            <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/VPatelFX\/status\/1308630260318076935\"><\/a>\n            <\/p><\/blockquote>\n<p>        <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p><\/div>\n<p>       The dollar got an added boost on Tuesday, analysts said, following remarks by Chicago Federal Reserve Bank President Charles Evans, who said the central bank might not wait until core inflation averages 2% year-over-year before it begins raising rates \u2014 a remark analysts saw at odds with other Fed speakers following last week\u2019s policy meeting.<\/p>\n<p>\u201cThis seems to fly somewhat in the face of the concerted guidance out of most of the rest of the committee that monetary policy will remain very accommodative through a period of inflation running \u2018hot,&#8217;\u201d wrote rates strategist at BMO Capital Markets in a Wednesday note.<\/p>\n<p>Gold bulls would likely welcome the end of the dollar bounce.<\/p>\n<p>\u201cGold\u00a0bugs may be getting nervous that they are about to be squashed by a rising\u00a0dollar, as the precious metal\u2019s price is now trading back below $1,900 an ounce,\u201d said Russ Mould, investment director at U.K.-based brokerage AJ Bell, in a note.<\/p>\n<p>December gold<br \/>\n        GCZ20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210039572\/delayed\" class=\"negative\">-1.73%<\/bg-quote><br \/>\n       was down $35.10, or 1.8%, at $1,872.10 an ounce on Comex, contributing to a loss so far this week of more than 4%. A stronger dollar is seen as a negative for commodities priced in the currency, making them more expensive to users of other currencies.<\/p>\n<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\"><strong>if you want to watch Movies or Tv Shows go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D497C4FD0C04%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# A rebounding U.S. dollar is crushing gold \u2014 how far can it rise? &#8221; If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com Bounce doesn\u2019t challenge notion that dollar has made a cyclical turn: analyst Mark Wilson\/Getty Images A previously beaten-down U.S. dollar is bouncing with a vengeance this week, appearing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":73563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-73562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/73562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=73562"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/73562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/73563"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=73562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=73562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=73562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}