Gold often trades inversely to the greenback because it is viewed as a US dollar hedge and, more broadly, as an alternative currency.
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But it makes perfect sense if you see gold as an alternative currency to the dollar, rising when the greenback declines and vice versa.
但是如果你将黄金看成是美元的一种替代货币则完全合乎情理,当美元贬值时金价上升,反之亦然。
There's an old story reported by an American journalist in Shanghai after the end of World War II. Ravaged by hyperinflation, locals had turned to using tins of sardines as an alternative currency.
有一个老故事,二战刚结束,一名美国记者在上海看到,恶性通货膨胀肆虐,人们使用罐装沙丁鱼作为替代货币。
OPEC faced an especially acute problem, because the dollar served as oil's invoice currency, meaning the oil-exporting nations had no alternative to dollar accumulation.
欧佩克面临着一个特别尖锐的问题,因为美元作为石油结算货币,这意味着石油出口国除了积累美元之外别无选择。
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