Cathie Wood: Gold May Have Peaked After Trump's Fed Nomination, Dollar Strength Could Pressure Prices Further
Cathie Wood says gold's price peaked on the day President Trump nominated Kevin Warsh, and that she wouldn't be surprised to see gold stabilize around current levels or move lower.
She said that if U.S. returns on invested capital keep rising relative to the rest of the world and the dollar strengthens, she expects gold to fall.