Dollar Driven Gold Plunge

Dollar-Driven Gold Plunge

During this unprecedented month where the flagship S&P 500 has plummeted 23.0%, it isn’t surprising this brutal stock-market selloff is monopolizing investors’ attention. Thus gold’s poor performance is largely flying under the radars. Month to date, this metal is down a massive 15.6%! This combined with the intense stock fears have led to an unthinkable 46.4% October decline in the HUI gold-stock index.