Gold is supposed to be a haven, a place for investors to turn during tumultuous times.
But in the middle of a trade war, gold has fallen into a correction, down more than 10% from its high for the year.
Why has the price fallen lately? Simply put, it’s the strong US dollar.
Expectations for more interest rate hikes by the Federal Reserve have helped lift the value of the currency.
A stronger dollar often is a bad thing for gold because it makes the metal more expensive for international investors.
via CNN
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Alfonso Esparza