The United States dollar is the world ‘s third most popular currency, according to data from the Bureau of Labor Statistics (BLS).
This week the dollar was trading at $1.0868 against the euro, and $1 .1067 against the Japanese yen, down from last week’s value of $1,201.
In 2016, the dollar’s price was at its highest level since 2002, when it was at $.967.
The average price of gold has climbed by $6,200 since February, according the Mint.
On the other side of the coin, the yuan has risen by $1 to $.9360, its strongest level in more than four years.
Gold has rallied almost $1 trillion since the start of the year, thanks in part to a run of strong U.S. economic data.
Gold has also gained more than 1,400 percent since the beginning of 2017, and gold prices are up nearly 8 percent since last August, according for Bloomberg.
“We are on a gold rally, a gold bull run,” says James Dolan, chief market strategist at Guggenheim Partners in New York.
“It’s not just a bull run in gold, it’s a bull market in gold.”
In a statement, the BLS said the price of U.s.
Treasuries surged to the highest level in five years in 2016, when they were trading at a low of $3.10 per ounce.
The bureau also noted that the average U.K. pound has climbed almost 3.8 percent in 2017, its best performance in more to two decades.
China has been a major market for gold.
According to the BPS, China accounted for over half of all global gold purchases in the first half of 2017.
Gold exports from China were $2.4 trillion, more than double the amount from 2014.
China has the world s largest reserves of gold and silver.
China accounts for more than two-thirds of global trade in gold.