The impact of the economic policies of the Democrats on the value of the dollar Will the financial decisions of the new Congress end up in favor of gold?
According to the Kiko News report, the change in the composition of power in Congress, the financial plans of the government, the costs of developing artificial intelligence and the monetary policy of the Federal Reserve, are all factors that can affect the prospects of the dollar and gold in the coming months.
Kevin Grady, president of Phoenix Futures and Options, believes the new Democrat-controlled Congress will have no choice but to support the development of artificial intelligence infrastructure to fund its spending priorities.
The head of Phoenix Futures and Options finally pointed to the economic plans and expenditures of the new Congress of the Democrats and emphasized that the implementation of this policy requires significant financial resources and can weaken the value of the American dollar in the long term; An event that will benefit the gold market from his point of view.
Report details.