Gold Tops $1300 - Best Year Since 2010 As USD Tumbles Most In 14 Years
After tumbling in early December, gold has exploded higher since The Fed hiked rates on 12/13, hitting $1310 today - the highest since Oct 16th.
And as Gold has soared so the dollar index has collapsed...
Interestingly in the last month, Gold and Bitcoin have seen a wild ride - converging again today...
As Reuters reports, the dollar’s drop to three-month lows versus a basket of currencies on Friday lifted gold to its highest since mid October.
Putting the year's relative performance in context...
