Short Term Trading Member Forum

[golfin]

Gold is at $1100 because the FED slashed interest rates to zero and the Treasury printed $Trillions out of thin air. That means the value of fiat dollars goes down in relation to "real stores of value" such as gold.
It says nothing about emerging market currencies appreciating relative to the dollar as these commodities are priced in dollars and reflect the decreased worth of the dollar.
Of course emerging currencies should increase relative to the dollar as confidence in their capital markets increase. That has nothing to do with the price of gold and other commodities priced in dollars.