https://stockcharts.com/sc3/ui/?s=%24USD
https://stockcharts.com/sc3/ui/?s=%24GOLD
There are a lot of theories for gold’s rise. One reason is more than a theory the central banks are buying gold.
There is a problem with that fact. Once bought gold sits there and can go down in price. There is less support as the central banks get their fill of gold. No central bank can or would come anywhere close to opening an gold exchange window. Not possible to do.
How much of gold’s value is the weak USD? We are going to find out.