The greenback extended its rally Tuesday, offering investors a place to hide during the broad market selloff.
The WSJ Dollar Index rose 0.6% Tuesday morning. At the same time, gold, a traditional safe haven during periods of geopolitical turmoil, fell 3.6% to $5,118.80 a troy ounce.
"If this is World War 3, the world wants dollars," Bannockburn Capital Markets' Marc Chandler wrote in a note. "No other currency is acting like a safe haven. Not even gold."
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(END) Dow Jones Newswires
March 03, 2026 11:28 ET (16:28 GMT)
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