from King World News
The US dollar breakdown has gold surging $60. Plus a look at bulls and bears and more “transitory inflation.”
Gold Surges As US Dollar Breaks Down
June 12 (King World News) – Peter Boockvar: The US dollar is breaking down today as measured by DXY to the weakest level since March 2022. I’ll argue again, the world is rethinking their allocations to US assets from the extreme levels they held as we entered 2025 and they want less exposure. In kind, gold is up by $60 above $3,400 and hovering around its record high. We remain bullish and long, along with silver and platinum and many international stocks and bonds (local currency) that are too benefiting from the dollar weakness.