The US dollar was regarded as the basis for all assets as it consistently rose in the lists for two decades. It barely dipped against other local currencies because it had a strong foundation in the global financial sector. The DXY indexThat tracks the USD performance shows that the currency is now falling below the 100 interval. The currency has dropped to 98.05 and has decreased almost 9.5% from the previous year after falling from 109.4 early this year. Bitcoin, on the other hand, has fallen close to 7% surface and reflects the fall of the American dollar.
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Gold surpasses bitcoin and the US dollar
Gold has risen 33.1% year to date and is among the top performing assets in the broader financial markets. It surpassed Bitcoin and the US dollar by a much wider margin and grows only higher in the lists. Its driving has been unstoppable because it is to print new heights almost every month. Gold prices affected just the $ 3,500 mark on Tuesday after it nailed 73 points and increased by 2% in today’s trade.
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