Is the U.S. dollar doomed?

Is the U.S. dollar doomed?

The inflation debate is back in the headlines, but gold is trading down nearly 1% on Friday. Analysts are keeping a close eye on the U.S. dollar and the bond market for clues as to where gold might head next.
 

Here's a look at Kitco's top three stories of the week:

1. Hot inflation and better-than-expected retail numbers.

2. Federal Reserve Chair Jerome Powell testifies before Congress.

3. Firmer USD weighs on gold, but the dollar is 'doomed' long-term, says DoubleLine Capital CEO Jeffrey Gundlach.

 

By Anna Golubova

For Kitco News

 

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