GOLD IS KING Sep. 25, 2024 2:41 PM
Dave Kranzler
Summary
According to Bank of America, gold has surpassed the euro to become the second-largest reserve asset after the U.S. dollar.
The dollar is currently testing the 100 level on the index, which has served as technical support since early 2023.
If the Fed starts to cut, in all likelihood, the dollar will drop to 90, where it was in mid-2021.