RE:RE:Oil prices are up, US $ is up, hummmThe US dollar has a big impact on inflation as that is the currency that buy/sells most commodities, not gold. Having a direct influence on the dollar can lessen the impact of inflation. Gold on the other hand has little to no effect on currency and inflation because they delinked the dollar to gold in the 70's. Gold is going up because of demand, from consummers, Governements such as China and others because technically it is still considered a currency but mostly a hedge against inflation. Therefore the FED would want to have a strong dollar to lessen the effects of inflation while controling the price of gold has little effect. If it was they would also be trying to keep the value of Bitcoin down as it is also type of currency and a hedge against inflation.