Why and how the US dollar is depreciating — explanation by the head of the Rada's Finance Committee The weakening of the dollar and the rise in the price of gold, which again set a historical record and exceeded $3,400 per ounce at the beginning of the working week, were explained by "a series of extravagant decisions." Experts call the most influential factor "the specter of a global trade war initiated by the United States." This explanation was shared on Facebook by Danylo Hetmantsev, a Ukrainian politician, lawyer, scientist, People's Deputy from the "Servant of the People" faction, and Chairman of the Verkhovna Rada of Ukraine Committee on Finance, Tax and Customs Policy.