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Alasdair Macleod highlights that gold has quadrupled in value from its 2015 low even as the U.S. dollar has risen over the same period.
His comment points to the simultaneous appreciation of both gold and the U.S. dollar in recent years.
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Macleod previously linked sharp markdowns in paper gold and silver to futures contract expiry and actions by bullion banks. He has also warned that gold could reach $153,000 and referenced concerns over a possible U.S. dollar collapse. These earlier comments provide context for his observations on the recent appreciation of both gold and the dollar.