It’s also driving the DJIA.
Denninger on the Market-Ticker has a good graph that shows an almost perfect (relatively speaking) mirror image of dollar movement and DJIA movement.
Go to kitco....
Gold is up today because of buying...not a weaker USD
Tomorrow may be the opposite
Lazy news commentators always say weaker US Dollar whether this is true or not
DJIA = S&P 500 (dollar changes inversely to S&P 500 changes)