27 September 2024Gold has been rising in US dollar terms but since April of this year has remained relatively stable or within a trading range when priced in BRICS and Global South currencies. To understand why, we need to understand the causes of dollar weakness and the attractions of gold in times of uncertainty.As I interpret this graph, the price of gold in dollar terms is going up, on its way soon to $3,000, some say. This while the dollar,...
