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The Dollar's Value Falls As Gold, Silver, And Bitcoin Rally
Summary: The dollar dropped to its lowest value since May 2018 on Thursday, July 30 while gold, silver, and Bitcoin are all rallying. The dollar's trade-weighted index — a metric which compares the dollar to other major fiat currencies — dropped to $93.04, the lowest it has been in two years, data from TradingView shows. Meanwhile gold's ...
The dollar dropped to its lowest value since May 2018 on Thursday, July 30 while gold, silver, and Bitcoin are all rallying.
The dollar's trade-weighted index — a metric which compares the dollar to other major fiat currencies — dropped to $93.04, the lowest it has been in two years, data from TradingView shows.
Meanwhile gold's value hit an all-time-high of $1,980 on Tuesday, July 28. Silver has also been performing well and grew in value by 30% in July.
Bitcoin has also been performing well since its latest breach of the $10,000 trading level after being trapped for months in the upper $9,000 region. Some expect for the dollar's value to continue to weaken if the government prints money to support COVID-19 stimulus programs which could lead to inflation.
By Emily Mason
Tags: Bitcoin,Dollar,Gold,Silver
Link: The Dollar's Value Falls As Gold, Silver, And Bitcoin Rally [Copy]
