A recent fear for equity investors is the recent strength of the U.S. dollar. Many participants believe that continued strength in the greenback will undermine corporate profits by making goods produced by large U.S. multinational companies more expensive overseas. Meanwhile, the negative impact on gold investments due to an increase in the dollar’s value cannot be understated. In today’s report, we’ll discuss the likelihood of continued dollar strength and why it will limit gold’s near-term upside potential while also potentially helping gold in the traditionally weak (for stocks) summer months.
Gold futures prices were lower