First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/07/11/when-the-dollar-breaks-down-metals-will-lift-off-002557

Gold and silver markets continue to be pressured by a relentlessly rising U.S. Dollar Index. Throughout the year, the Federal Reserve Note has been gaining ground against the euro, the yen, and other fiat currencies. Of course, when measured against real economic goods, the U.S. currency has been losing value at a rapid pace. But futures traders who take their cues from foreign exchange markets have decided to sell precious metals contracts in response to superficial dollar strength.