Gold’s recent price advance had more to do with investor’s perception of dollar strength than a flight to safety after equities took a plunge, said Rick Rule, President & CEO of Sprott U.S. Holdings.
“My own belief is that popular perception of the continued purchasing power of the dollar and strength in the U.S. economy declined a little bit which caused U.S. equities to decline,” Rule told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco.
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Gold’s Rally Had Nothing To Do With Stocks Falling – Rick Rule