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Ned Davis Research says gold is stronger than the US dollar heading in to the New Year and more likely than the greenback to reach record highs as 2022 progresses. Tim Hayes, the Chief Global Investment Strategist for Ned Davies Research says gold is more likely than the dollar to reach new highs, with the dollar facing down stiff competition from the Euro and likely to struggle in the prevailing market conditions.

Hayes said, “The dollar made a high right after the COVID-19 crisis in March. And on the question of which one is more likely to make a new high — gold or the dollar — I’d say gold. I’m currently neutral on the dollar, which sort of implies that it stays in its trading range. But I’m bullish on gold.

“Gold is likely to hit new record highs as long as this environment remains. And that implies that this is about as good as it gets for the U.S. dollar.”

With just a couple of weeks left before things wind down for the Christmas break, don’t delay. Buy now.

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