From the Strategy of Simone Wapler (France) – With zero or negative rates, the slowdown in global growth, and the multiplication of debt but not profits, gold has returned to the front of the stage. The current crisis respite is due to one thing: stopping the rise of the dollar against other currencies.
Indeed, it is the rise in the dollar, which began in mid-2014, which caused the fall in oil, commodities, emerging market stock markets, etc.
This respite is artificial.
The maneuvers to produce inflation continue.