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home / news releases / GLDI - Strong Dollar Grounds Gold Despite Soaring Inflation


GLDI - Strong Dollar Grounds Gold Despite Soaring Inflation

  • Central banks are tightening, the global commodities shock is intensifying, and over the first few days of April the 2/10 treasury yield curve – i.e., the spread between the U.S. 2-year and 10-year treasury yields – turned negative.
  • The March U.S. Consumer Price Index rose 8.5% and the Producer Price Index surged 11.2%, the most on record.
  • While we believe gold prices are heading higher, until the U.S. dollar trends lower, gold may not see the spectacular gains of past secular bull markets.

For further details see:

Strong Dollar Grounds Gold Despite Soaring Inflation
Stock Information

Company Name: Credit Suisse X-Links Gold Shares Covered Call ETN
Stock Symbol: GLDI
Market: NASDAQ

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