The United States dollar is stronger now than it has been for 20 years.
That is because of the Federal Reserve.
When the Central Bank raises interest rates, investors all over the world find the dollar more appealing.
However, the world economy is precariously balanced. And as worries about a global recession grow, dollars are seen as a safe investment.
On Counting the Cost, we wonder how increasing rates and a strong currency have harmed gold’s performance. Can cryptocurrency still be seen as an inflation hedge? And can it regain investors’ trust following the FTX collapse?