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