Dollar vs Gold Chart 2005 to 2008

Dollar vs Gold Chart 2005 to 2008

Thanks in part to a large US trade deficit and a weak US economy, the US dollar continues to trend lower. For some perspective, today’s chart illustrates the current trend in the US dollar (blue line) as well as that other world currency, gold (gray line). As today’s chart illustrates, the performance of the US dollar has varied inversely to that of gold since October 2005. It is worth noting that the US dollar is currently testing support.

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