us dollar

I just saw the last "Reality Check" on Fox News. They say that the price of Oil is that high because the prices are tied to Gold - not Dollar. So whenever the price of Gold rises, the less Gas you can buy for your Dollars. Is that correct? The short report in question: S8WReKlUFP4

What goes down (as far as real exchange rates are concerned) usually eventually comes back up. :) (OK--so it has a long way to go yet . . .) PS--there was an exception: In economic news: Also