Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold. -Michael Widmer

 

Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold.


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This quote is just one of 7 total Michael Widmer quotes in our collection. Michael Widmer is known for saying 'Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold.' as well as some of the following quotes.

Gold could move up from the $562 where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Michael Widmer
216

Over the last two days, it's been geopolitical happenings that have supported gold prices. That China and Russia are supporting Iran's referral means the international community is taking it seriously.

Michael Widmer
208
Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold. -Michael Widmer
187

It's good news but it's not really news.

Michael Widmer
158

The dollar adds to the general environment we've seen in the past few weeks, which is a short-term correction.

Michael Widmer
157
Over the last two days, it's been geopolitical happenings that have supported gold prices. Iran and Palestine are focal points. -Michael Widmer
139

This is an important week for the dollar, and consequently for gold. The market is looking for direction; it's been quite volatile lately.

Michael Widmer
79