The value of the US dollar hit a three-year low on Monday after Trump’s Truth Social post about Powell, as international fears begin to mount that the president’s haphazard tariff policies could force banks to choose something other than the dollar as the world’s global reserve currency. All of that has meant that investors are now flocking to gold, the value of which is not tied to the US economy, because it is a tangible, scarce resource that has value in and of itself. At the outset of the Covid-19 pandemic, the price of gold jumped from $1,575 in January 2020 to over $2,000 by that summer.
Author: Nicole Narea
Published at: 2025-04-22 22:19:49
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