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Bloomberg/Saleha Mohsin and Liz McCormick/1-28-2021
“For Yellen, who this month set herself apart from previous Democratic administrations by rejecting a return to a ‘strong dollar’ policy, that could pose a challenge.”
USAGOLD note: The challenge posed in this article is a global currency war, a phenomenon likely to simultaneously drive up gold demand wherever the battle lines happen to be drawn. In 2020, as shown in the chart below, gold rose significantly in every major currency, including the U.S. dollar.
Chart courtesy of TradingView.com • • • Click to enlarge
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