by Chris Becker
What’s going on with gold? While there has been some recent weakness in the US Dollar Index, 2018 was the year for USD against almost all the major currencies as the US Federal Reserve continued to lift interest rates in an attempt at normalisation. Still, the price of gold in USD rose substantially after bottoming in mid 2018:
December capped off the biggest monthly gain in two years and the rise in China’s official gold reserves may have something to do with it.