The Dollar Just Lost Its Moat: Goldman predicts a 20% decline from here.
From Dollars Per Ounce to Ounces Per Dollar Again
“All financial wisdom is cyclical.”
Contents (1200 words)
Backdrop: Gold isn’t Reacting, It’s Predicting Again
The Dollar Just Lost Its Moat
Goldman Sachs Reverses Course as Tariff Fallout Accelerates
Exceptionalism, Eroded
Who Pays the Tariff?- The Currency Does
Brexit, Not Beijing
The End of Return-Led Flows?
Three Risks That Could Reverse This View
Bottom Line
