We can say that the markets for gold, silver and Bitcoin are getting more and more positive. One of the sources we can rely on for this is the Trade Weighted Dollar Index.
Tag: dxy
Gold Ounce Price vs. DXY Index
There has always been an inverse relationship between gold price and the dollar. One of the measurement scales of the demand for the dollar is the DXY index, which is the average index of the dollar equivalent of 5 countries’ currencies. If the DXY index is increasing, it means that the demand for dollars in the world is increasing. As…