Why Central Bank Gold Buying Signals Matter More Than the Dollar The gold market is grinding through another battle near the $5,000-an-ounce level, and the usual suspects are already spinning the usual excuses. Military escalation involving the U.S., Israel, and Iran has sent money stampeding into the U.S. dollar as traders brace for a liquidity crunch and fresh inflation pressure. On the surface, that sounds familiar: crisis hits, dollar rallies, gold stumbles. But that old script is falling apart. The Breakdown of the Old Model According to Robert Minter, Director of ETF Strategy at abrdn, the traditional relationship between gold, interest rates, and the U.S. dollar stopped being the main driver of the precious metals market back in 2022. In…
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