Dollar Rallies and Gold Sinks as Powell Pushes Back Against Rate Cuts

Written on 07/30/2025
Rich Asplund

The dollar index (DXY00 ) on Wednesday extended this week’s rally and rose by +0.88% to a 2-month high. Signs of strength in the US economy boosted the dollar Wednesday after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP expanded...Pile of money with hands by Sergey Nazarov via iStock