Tariff Angst Hammers the Dollar and Boosts Gold to a Record High

On Wednesday, the dollar index (DXY00) dropped by -0.92%. The dollar faced challenges as the ongoing trade dispute with China weakened trust in the currency following the US government’s decision to block Nvidia from supplying its H20 chips to China. The trade tensions with the US are eroding the dollar’s position as a reserve currency and… Read more