US Treasury Secretary's strong dollar stance causes market volatility! Gold and silver fall!

US Treasury Secretary Besant is not hiding it anymore. He said tonight that everything they are doing is to push the dollar higher! It's about maintaining a strong dollar.

He said that in the future, Russia will want to restore the dollar system, and then Venezuela is returning to the dollar, and their negotiation agreement with Iran will also be settled in dollars.

Besant emphasized that the dollar's dominant position is crucial. After the news came out, we can see that US stocks, bonds, and currency are all up, while gold and silver, as the dollar's counterpart, were directly smashed down by the market.

$SpaceX(SPCX.US)$NVIDIA(NVDA.US)

$iShares barclays 20+ Yr Treasury Bd(TLT.US)$SPDR Gold Shares(GLD.US)$Invesco QQQ Trust(QQQ.US)$Micron Tech(MU.US)

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.