Broker Check
Gold/Dollar Ratio Weekly

Gold/Dollar Ratio Weekly

| September 11, 2017
Share |

After consolidating for much of the year, Gold has recently broken out of a trading range to the upside, back to levels not seen since the summer of 2016.  Analyst Chris Kimble at Kimble Charting took it a step further and looked at the Gold to Dollar ratio in the chart below.  The Gold/Dollar ratio has recently broken above both its resistance level, and a multi-year downward trend line.  In the past, Gold/Dollar strength has been positive for precious metals and miners, Kimble notes. 

Read the Full Market Commentary

Share |