💵 The US dollar and gold
Gold is priced in dollars, so a strong dollar usually weighs on it — but less so for buyers using baht or yuan.
Now · updated 2026-10-26
Watch Dollar index not yet tracked; CNY/THB ~5.06
Weak-dollar decade 2001–2011: gold rose from $270 to $1,759. Dollar surge mid-2014 to end-2015: gold −16%. Dollar at a 20-year high in 2022: gold −7% to October. For Thai and Chinese buyers, local prices = world price × exchange rate; when the dollar strengthens the baht and yuan usually weaken, cushioning local prices.