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Economic Strength Isn’t Boosting the US Dollar Rise—How It Affects Gold

Economic Strength Isn’t Boosting the US Dollar Rise—How It Affects Gold

As the new chairman of the Federal Reserve, Jerome Powell’s recent testimony also showed the Fed’s positivity about the economy’s outlook. The US dollar declined after President Donald Trump indicated that he wanted tariffs on imported steel and aluminum products. The US Dollar Index averaged 96.6 in 2017.