Home News Gold’s vs the U.S. Dollar: Correlation is Not What Most Think

Gold’s vs the U.S. Dollar: Correlation is Not What Most Think

December 22, 2019

by Mike ‘Mish’ Shedlock
Mish Talk

Gold is not as correlated to the US dollar as most think.

I commented on this a few days ago in Gold Surprisingly Correlated With the US Dollar.

[…] Gold has been positively correlated to the US dollar for well over a year.

Most of the time gold is inversely correlated to the US dollar.

The problem, as the lead chart shows, is that the strength of moves in gold vs the strength in moves in the US dollar are totally random.

Continue Reading at MoneyMaven.io…

ALL CONTENT ON 'FINANCIALSURVIVALNETWORK.COM' IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'FINANCIALSURVIVALNETWORK.COM' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. THANK YOU.