Dollar Weakness: Record Levels and Interest Rates

dollar weakness: Gold does well in a period of dollar weakness, inflation and economic uncertainty, says Peter Schiff, chief global strategist for Euro Pacific Capital, a division of Alliance Global Partners, according to Market Watch. We are about to get all three. All the factors for the metal to rally to record levels might finally be falling into place. Gold prices were held back by expectations that the Federal Reserve's monetary tightening cycle would continue for years, argues Schiff. Read on Barron's How gold could stage a 20% rally this year In Schiff's view, the economy is approaching a severe recession that will prompt the central bank to launch another round of quantitative easing, or asset buying, to drive down interest rates. Everyone now recognizes that the Fed is done tightening and that the bias is in the other direction, but few understand just how far and how fast the Fed will have to loosen monetary policy in the coming months, he adds. (news.financializer.com). As reported in the news.