From Investing.com.: 2025-01-17 12:36:00

Gold has been consolidating near record levels, defying a massive US dollar rally. Despite the dollar’s recent surge, gold has remained resilient, only edging lower by 3.2%. This is impressive considering the USDX has climbed 9.4% in recent months. The USDX and gold usually have a strong negative correlation, but gold’s performance has been extraordinary, remaining flat while the dollar surged. Gold’s upside potential is supported by the possibility of a USDX selloff, which would attract speculators back to gold futures. Additionally, smaller gold miners are poised to see significant gains as gold continues to surge.



Read more at Investing.com.: Gold Holds Steady Against US Dollar’s Surge, Eyeing Renewed Bullish Momentum