All metals increased in value on 1/2, starting the year off strong.
The US dollar continuously lost value throughout 2017, despite factors that would usually cause the greenback to increase in value. In fact, compared to the world’s top currencies, the dollar fell almost ten percent last year. The dollar started 2018 by hitting its lowest point since September. Industry professionals believe this drop is due to dimmed expectations for the new tax bill’s impact on our economy, among other factors. They also say that the dollar could continue to drop if people use tax savings to buy goods made overseas, a potential trend that could boost imports over exports.