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Investors not fleeing to dollar based on long-term chart, Willem Middelkoop notes

Investors not fleeing to dollar based on long-term chart, Willem Middelkoop notes
Long-term chart questions dollar trend

Willem Middelkoop, industry influencer, observes that despite some claims that investors are returning to the dollar, long-term charts do not reflect this trend.

Middelkoop points out that the broader movement of investors toward the dollar is not evident when considering a longer-term perspective.

Middelkoop previously cited a Deutsche Bank forecast that gold could reach $14,000 per ounce if BRICS and emerging markets shift their reserves to gold, according to a recent note. Separately, Americans are reporting unusually high levels of pessimism about the U.S. economy ahead of the midterm elections, as reported by Fortune. These observations come as discussion continues on investor sentiment toward the dollar.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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