Gold, bitcoin go south as Prez walked north

Dollar strength is playing havoc with gold and bitcoin.

Fresh off of President Trump historic move of stepping across the DMZ with leader Kim Jun Un into North Korea over the weekend, the greenback surged in currency markets.

That move is taking its toll on gold, which is down $19 or 1.3% is trading just below the $1,400 an ounce mark. Bitcoin fell more than 5% to trade below the $11,000 level.

Both alternative investments have had a tremendous run up in June, so a pullback was probably in the cards.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.