Is gold poised for a turnaround? Alongside a general strengthening in the U.S. dollar, gold prices fell nearly 10% over the past three months and remain at the lower end of their 18-month range. But we think the outlook for gold could be improving – particularly if President Trump’s recent remarks lamenting the strong dollar help reignite interest in owning gold.

The president recently stated that he was “not happy” about the Federal Reserve’s rate increases, and later alleged in a series of tweets that China and the EU were manipulating their currencies and holding down interest rates. The dollar dropped to a two-week low following the president’s statements. And while it’s tough to gauge their ultimate impact on the dollar, the president’s messages could also have knock-on effects on gold and other asset classes, as well as inflation – especially on top of recent trade issues.