Steve Sosnick, chief strategist at Interactive Brokers, described gold as the “anti-dollar,” highlighting its inverse correlation to the greenback.
He explained that recent political and fiscal instability in the U.S.—including credit downgrades and ballooning deficits—has made gold more attractive as a hedge.
Sosnick expects continued demand for gold if the dollar weakens further or monetary policy remains uncertain.
Gold’s role as a stabilizing force in volatile markets continues to strengthen.