Understanding the relationship between gold prices and the U.S. dollar: What to know for 2026

Government

Gold prices have been making headlines over the last year, and the last several months in particular, as the price  has surged past recent highs and set fresh records nearly every week. At the same time, the U.S. Dollar Index has been hovering near multi-month lows, marking a significant retreat from its highs just a year ago. For investors watching their portfolios, these parallel movements aren't coincidental. They're part of a long-standing dynamic that continues to reshape the investment

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