Market Data
Price
118.06
24h Change
-0.16%
About US Dollar Index (Broad)
The US Dollar Index measures the dollar's value against a trade-weighted basket of major currencies. Since precious metals are priced in dollars, a weaker dollar typically means higher gold and silver prices.
- Trade-weighted index of 26 currencies (Fed Broad Dollar Index)
- Strong inverse correlation with gold prices — dollar down = gold up
- When the dollar weakens, foreign buyers can purchase gold more cheaply
- Dollar strength in 2022 pushed gold below $1,650 despite high inflation
- Dollar weakness in 2024-2025 contributed to gold's run above $2,500