In a recent interview with Soar Financially, Lawrence McDonald made a compelling case for gold, predicting it will benefit from a weakening US dollar. McDonald, known for his deep understanding of market mechanics and his connections within financial and political circles, also suggested the bears have the upper hand in the current market climate, highlighting several key factors that could trigger significant market volatility.
Gold: Poised for Gains Amidst Dollar Weakness
McDonald emphasized the potential for gold to rally as the US dollar weakens. He pointed out that the dollar is currently overvalued, having priced in “American exceptionalism,” tariffs, and other factors. He believes a “bear hammer” pattern in the dollar signals a potential downturn. “Short-term high conviction, I think the dollar is heading lower because it’s priced in a ton of things,” McDonald stated.
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